European central banks have now agreed to join the Greek bond restructure while there is also talk of simply giving Greece a bridging loan. Dow up 123. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities in regard to zinc smelting, platinum versus gold, China and the silver price, US steel output, and the cheap gas impact on iron ore.
Jonathan Barratt of Barratt’s Bulletin considers the implications of the recent surge in Chinese copper imports.
Underlying weakness in copper has chartists at Barclays worried.
Wall Street appears at somewhat of a loss as to what one should do from here, and the Fed doesn’t seem to know either. Dow down 97. (Accessible only for subscribers before 10:15 AEDT)
Technical market analysts at Barclays suggest nickel’s longer term downtrend might be re-establishing itself.
Interim earnings from nickel play Western Areas fell short of stockbroker expectations.
FNArena’s weekly update on short positions in the Australian share market.
ATW’s Jerry Simmons observes many price charts for financial assets are showing dojis. These often, but not always, announce a pending change in trend.
Response in global markets overnight to the Greek vote was relatively muted as ratification yet awaits. Dow up 72. (Accessible only for subscribers before 10:15 AEDT)