Oz Minerals has been downgraded by two stockbrokers following the release of a mixed quarterly production report.
(This story was originally published on Tuesday, 18th October, 2011. It has now been re-published to make it available to…
The Fed’s Beige Book disappointed Wall Street last night while stalled progress in Europe has markets chewing finger nails. Dow down 72.
A glance through the latest expert views and predictions about commodities with updates on supportive factors for oil and tin, China’s under-reporting of steel production and a correction in iron ore prices.
Wall Street had already bounced before an E2trn rumour hit the market and was quickly quashed. Fun and games, Dow up 180.
A glance through the latest expert views and predictions about commodities with ANZ and Barclays updating on commodity expectations, issues for steel and oil and a note on palladium.
Merkel suggested last night the world is dreaming if it expects all will be resolved in Europe after one summit this weekend. Dow down 246.
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. The current unwind of the US dollar commodity carry trade leads UBS to reverse its year-long bearishness on commodities and mining stocks.
Despite greater optimism now apparent on the European front, brokers continue to acknowledge the longer term damage in another series of forecast reductions. It’s not all bad news, however.
Weekly update on recommendation, target price, and earnings forecast changes.