While Wall Street enjoyed a public holiday the rest of the world took the opportunity to take a breather as well. European indices down 0.3% in thin trade.
There’s value up for grabs among Australia’s small caps stocks, stockbrokers say.
Risk assets posted bearish signals on price charts in Q2, but the TechWizard suspects we might see a rally in the short term.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
BA Merrill Lynch has initiated coverage on PanAust with a Buy rating, attracted to the combination of leverage to copper prices and production growth going forward.
The Australian government and the miners and energy companies have reached an agreement on a new tax regime.
Wall Street staged a mid-session turnaround from its depths last night as a successful Spanish bond auction sparked short-covering and a big sell-off in gold. Dow down 41.
A glance through the latest expert views and predictions about commodities, with an assessment of how Chinese economic growth impacts on steel markets and reviews of the coal and energy sectors.
If history repeats itself, Australian equities, copper, oil and silver should all perform well in July.
Wall Street held steady all session until 3pm when a massive programmed sell order ensured a technical break-down. Dow down 96.