Base Metals and Minerals

Commodity supply reductions look less likely; nickel stocks perform strongly; US thermal coal outlook lowered; zinc deficit to deepen.

Extraordinary intraday volatility continued on Wall Street last night as the markets roller-coastered up and down on weak data and further oil price gains. Dow up 196. (Accessible only for subscribers before 10:15 AEST)

Wall Street is still arguing over the Fed’s implications, but markets mostly reversed last night. Dow up 225. (Accessible only for subscribers before 10:15 AEST)

Brokers welcome a strong start to 2015 and ponder the prospect of a rejigging of OZ Minerals’ focus following its strategic review.

A late plunge in US bond yields last night livened debate as to whether the Fed statement should be considered dovish or hawkish. Dow down 195. (Accessible only for subscribers before 10:15 AEST)

Commodity pricing reflects surging supply; gold bugs re-emerge; agricultural supply pressures; and weaker prices weigh on copper equities.

The ECB afterglow faded last night as weak US data and earnings brought Wall Street back to earth. Dow down 291. (Accessible only for subscribers before 10:15 AEST)

Canaccord Genuity is looking forward to the upcoming resource update and feasibility study from Highfield Resources.

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

The ECB delivered an even bigger QE package than expected last night, silencing the doubters. Dow up 259. (Accessible only for subscribers before 10:15 AEST)