Base Metals and Minerals

NAB eonomists believe the medium-term outlook for base metals remains positive.

The EU solution for Greece did not convince Wall Street. Jobs numbers were needed to spark short-covering. Dow up 105.
(Locked for subscribers until 10:00 AEDST)

Wall Street rapidly emptied last night ahead of the incoming blizzard. In the meantime it’s a Greek waiting game. Dow down 20. (Locked for subscribers until 10:00 AEDST)

Underlying earnings for 2009 were a little below expectations but with the market now looking to 2010, brokers continue to see value in Alumina at current levels.

Wall Street rallied strongly last night on rumours, but not confirmation, that Germany was preparing to guarantee Greek debt. Dow up 150.

The Dow broke its psychological support level last night and accelerated to the down-side as ongoing concerns continue to drive risk aversion. Dow down 103. (Locked for subscribers until 10:00 AEDST)

Recent AUD weakness versus the USD is raising some questions, like: where will it go from here and are there some winners and losers?

Stocks end higher on Friday after waging a dramatic comeback in the final hour of trade. Dow up 0.1%, while Nasdaq flies 0.75%.

Sovereign debt fears are snowballing in Europe, Sino-US relationships are edgy, and signs are tonight’s US jobs number may disappoint. Dow down 268.

Just a few months ago market commentators were confident the worst was behind us, but there is growing caution as the reality of recovery sets in.