Base Metals and Minerals

Slowing global growth and uncertainty lead brokers to mostly cut commodity price forecasts, with growth revisions also impacting on other sectors.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

The ECB announced various measures to support European bank recapitalisation last night while positive US data added to more euphoria. Dow up 183.

Russell Investments’ quarterly survey of fund managers shows defensive assets are still preferred, while rate cuts are considered the most likely catalyst for domestic non-mining growth.

A glance through the latest expert views and predictions about commodities with evidence the Australian resources sector is losing global relevance and more adjustments to commodity price expectations.

Given junior resource companies are the present owners of the world’s future commodities supply and offer leverage to investors Ahead of the Herd suggests they should be on investor radar screens.

ATW’s Jerry Simmons zooms in on potential trend reversals for risk assets.

European markets responded well to bank recapitalisation talks while Wall Street kicked on. Dow up 131.

The Chartist reports the CRB Index sits on technical support and looks poised for a bounce higher.

A glance through the latest expert views and predictions about commodities with analysts using the end of the September quarter to revise forecasts generally lower given market headwinds remain in place.