Base Metals and Minerals

Wall Street netted out the good news and bad news last night to end up going nowhere.

The Chinese economy apears to be recovering but while this is a positive for commodity prices Westpac suggests a sustained recovery won’t occue before the rest of the global economy also recovers.

Wall Street was reluctant to cast its pearls last night in a quiet and uncertain session. Dow down 50.

OZ Minerals has sold its Martabe project and brokers remain positive on the company’s prospects given upside from Prominent Hill and what will be a solid balance sheet post the Minmetals deal.

Solid reports from a number of key blue chips and confirmation most banks will pass the stress test saw markets push to a solid end of week finish.

More ups and downs, but this time with an up on the close. Dow up 70.

Wall Street was up, down, up and finally down last night. Dow closed down 82.

This week’s pull back in commodity prices comes hardly as a surprise say market watchers.

Reassuring words from the Treasury Secretary encouraged a bounce back from yesterday’s steep drop. Dow up 127.

Wall Street woke up from its dream last night as bank stocks took a dive. Dow down 290.