In the view of Barclays Capital any price dips in commodities are buying opportunities as underlying trends continue to support higher prices in the future.
European stocks traded higher last night but activity across the markets was light given the US Thanksgiving holiday.
Barclays Capital’s fair value model for copper suggests a recent sell-off has the metal undervalued.
With no new news from abroad last night, Wall Street jumped into holiday mode as jobless numbers and retailer results reversed Tuesday’s risk aversion. Dow up 151.
A glance through the latest expert views and predictions about commodities with arguments in favour of both copper and aluminium prices and a review of recent Chinese trade data.
A threat of war on the Korean Peninsula added to global market woes last night as the Fed downgrades its US forecasts. Dow down 142.
Wall Street recovered ground from a steep loss as Moody’s threatens to downgrade Ireland and the FBI raided hedge funds for alleged insider trading. Dow down 24.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
President Obama took his Chevvy to the levee and found it full last night as Ireland capitulated and GM fever swept America. Dow up 173.
It was a flat day on Wall Street after Tuesday’s fall as an Irish solution moved closer to reality. Dow down 15.