Base Metals and Minerals

Some positive hints from China provided Wall Street with a long-awaited bounce as commodities soared. Dow up 150.

Wall Street fought back from new lows last night as presidents, treasury secretaries and Fed chairman all had something to say. The Dow closed down 37 as analysts contemplated the significance of a twelve-year low.

Confirmation of a record loss from AIG and a huge rights issue from HSBC sent global markets tumbling overnight. Dow down 300. (Locked for subscribers until 10:00 AEDT)

The Dow’s 1.7% drop was not as bad as the dire newsflow would have lead you to expect.

Obama’s first budget contained bad news for Wall Street. Dow down 88.

The Dow reversed an early 200 point fall last night as finally detail began to emerge re the bank rescue plan. The Dow closed down 80.

Commodity prices continue to nosedive and Australian stocks are tracking the losses, with the fate of the AUD tied to both.

Optimistic comments from Bernanke sparked a rally on Wall Street as the market awaits an announcement from the president. Dow up 236.

The S&P 500 joined the Dow at 1997 levels last night as the malaise continues. Dow down 250.

The Dow ends down 100 points after a late bank led rally offered some false hope for a positive close.