Barclays Capital suggests a greater Chinese influence on the lead market this year should see the metal’s performance improve.
Ben Bernanke’s “meet the press” turned a wary Wall Street around last night to a modest gain. Dow up 20.
A glance through the latest expert views and predictions about commodities with market conditions supportive for sugar, fertiliser and platinum group metal prices but less so for gold.
Australian equity indices closed slightly lower in 2010, underperforming many global markets. Analysts debate whether that trend may reverse in 2011.
Previously peaceful protests in Egypt turned into clashes last night reflecting anger over Mubarak’s failure to step down. Global financial markets held their breath. (Locked for subscribers until 10:00 AEDST)
Seasonal trends for February show a quieter period for equities in general but weaker returns on the Australian market, while Barclays Capital notes the US dollar typically struggles and aluminium gains.
Investment U’s Tony D’Altorio says pick and shovel providers are being re-rated across the globe as miners and oil producers are starting a spending spree.
The Dow closed over 12,000 and S&P over 1300 led by strong global manufacturing and a peaceful protest in Egypt.
A glance through the latest expert views and predictions about commodities with positive views on the Australian energy sector and titanium but reasons for caution on precious and base metals and the steel sector.
Technical market analysts at Barclays cannot help but see ongoing bullish perspectives for base metals, gold and crude oil.