Base Metals and Minerals

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street posted a second session of gains, ahead of tonight’s Fed meeting, assisted by another rally for oil. Dow up 156. (Accessible only for subscribers before 10:15 AEST)

The oil-related sell-off in US high yield bond funds continues but a late rally suggested Wall Street defiance. Dow up 103. (Accessible only for subscribers before 10:15 AEST)

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

UBS tours China; aluminium supply reductions; steel industry adjustments; commodity recovery signals; sensitivities to a US$40/bbl oil price.

Energy stocks rallied again on Wall Street last night as oil prices continued to fall. Dow up 82. (Accessible only for subscribers before 10:15 AEST)

The WTI oil price initially shot up last night, taking Wall Street with it, but the rally could not be sustained. Dow down 75. (Accessible only for subscribers before 10:15 AEST)

Another big fall for the Dow but a flat close for the Nasdaq highlights the fact global volatility is all in the energy sector at the moment. (Accessible only for subscribers before 10:15 AEST)

The outlook for 2016 commodity prices is for more of the same subdued markets where supply continues to overwhelm demand, albeit declines are expected to be be more modest than in 2015.

WTI has crashed under US$40/bbl following energy sector selling in Australia yesterday and prompting energy sector selling on Wall Street last night. Dow down 117. (Accessible only for subscribers before 10:15 AEST)