Jonathan Barratt of Barratt’s Bulletin reports on the LME’s intention to cement its global influence by introducing a renminbi settlement option.
US earnings are beating estimates but Wall Street is selling down stocks which don’t knock everyone’s socks off. Dow down 82. (Accessible only for subscribers before 10:15 AEDT)
Equity strategists have begun to upgrade from Sell ratings on the Australian resources sector as fears ease of an imminent Chinese hard landing.
Across the market copper price expectations have been updated, with pressure anticipated in coming months before a pick-up in prices in 2H12.
There would have been a lot of weary computers drinking after market in New York bars last night, but not a lot of investors. Dow up 194. (Accessible only for subscribers before 10:15 AEDT)
FNArena’s weekly update on short positions in the Australian share market.
Profit-taking in Apple dominated Wall Street last night despite the Dow trying to push higher (up 71) leaving the broad market index flat. (Accessible only for subscribers before 10:15 AEDT)
Weekly update on recommendation, target price, and earnings forecast changes.
Leading into resource company quarterly production reports brokers have updated their views, while retailers are also in focus given ongoing price deflation.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.