Prices for base metals and oil do not seem to be justified by plain market fundamentals. But does this mean they are unsustainable?
Wall Street went nowhere last night as markets digested the Fed minutes and a Treasury bond auction went quite well.
Barclays Capital notes Oz equities in particular do well in April and the June quarter, while commodity returns and currency markets offer more mixed returns.
In the ongoing process of post-GFC regulatory changes, ASIC is looking to formalise stock broker recommendations in the wake of investor complaints.
The first quarter ended on a nervous note in the US as jobs forecasts were tested. Volume was poor for an end of quarter session. Dow down 50.
Prices for commodities continue rising fueled by euro strength and end of quarter buying.
Greek bonds began to topple again last night while Ireland was forced to take on bank debt, all amidst a flurry of disinterest on Wall Street. Dow up 11. (Locked for subscribers until 10:00 AEDST)
A rallying euro has helped commodities rallying too these past trading sessions, but what will come next?
With two nights to go in the quarter commodity funds decided to buy with gusto last night following a successful Greek bond issue. Dow up 45.
As commodity prices continue to recover from the February correction more brokers have taken time to review their outlooks for various markets in the sector.