The Dow jumped to exceed its April peak last night on home sale data before meeting selling once more. Dow up 31.
Both Credit Suisse and Morgan Stanley have added coverage on Australian companies today, while Macquarie has cut iSoft from its coverage universe.
Ahead of the Herd’s Rick Mills finds there are plenty of reasons why copper should be on every investor’s radar.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street attempted another run-up towards the April peak last night but failed before a dollar bounce compounded the pullback. Dow up 38. (Locked for subscribers until 10:00 AEDST)
PanAust and OZ Minerals have copped a broker downgrade beating while Kingsgate has moved to fill the void left by Lihir.
Despite Wednesday’s price action, Barclays’ technical analysts believe there are reasons to believe copper is due for a larger correction.
Wall Street reversed its earlier reaction to the Chinese rate hike last night and savoured several strong earnings reports. Dow up 129.
A glance through the latest expert views and predictions about commodities with UBS revising commodity price forecasts higher, plus some reasons for caution on aluminium and silver.
The Chinese rate rise pushed up the US dollar last night sending stocks down ahead of news the NY Fed is suing BofA. Dow down 165.