In a thin semi-holiday session the S&P500 broke down through its 200-day moving average and triggered technical selling, as the buyers stood aside. Dow down 223. (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.
As 2014 ends with a whimper, brokers are becoming more subdued about the outlook for most commodities in 2015.
The Fed minutes indicated no imminent change in policy, so last night Wall Street recovered everything it lost on Tuesday night. Dow up 274. (Accessible only for subscribers before 10:15 AEST)
The IMF caught up with the rest of the world last night in dropping its global growth forecasts, hitting frayed October nerves. Dow down 272. (Accessible only for subscribers before 10:15 AEST)
Ahead of the Herd’s Rick Mills weighs up the global demand-supply equation for nickel and comes out very bullish.
A sharp, arguably overdue and likely temporary correction in the US dollar last night kept a lid on Wall Street but sparked commodity price rebounds. (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.
Implications of soft retail outlook on stocks; Bell Potter muses over a SUN-BEN merger; and UBS contemplates a weaker Aust dollar and mining stocks.
Bridge Street tried to hang on gamely yesterday while last night Wall Street bounced off intraday lows, led by the small caps. Dow down 3. (Accessible only for subscribers before 10:15 AEST)