Base Metals and Minerals

Fears over a possible Portuguese bank default sent global stock markets plunging last night, although Wall Street rebounded to a less worrisome close. Dow down 70. (Accessible only for subscribers before 10:15 AEST)

The Australian resources sector quarterly production and sales reporting season begins this week. Mining analysts preview their expectations of success and disappointment among mining stocks.

The Chartist reports the technicals for copper show likely further upside to the recent rally.

When will the Fed raise rates? It doesn’t know either. Dow up 78. (Accessible only for subscribers before 10:15 AEST)

Wall Street continued its momentum pullback last night as the first earnings results loomed. Dow down 117. (Accessible only for subscribers before 10:15 AEST)

Diversified miners are well placed on the swings and roundabouts of industrial commodities, while mineral sands are weak and coal is oversupplied.

Wall Street paused last night following last week’s strong jobs number but tonight attention turns to the June quarter earnings season. Dow down 44. (Accessible only for subscribers before 10:15 AEST)

Chinese steel, cement, copper, aluminium and iron ore prices all look subdued. Iraq is a swing factor for oil while gold’s recent rally looks to be stalling.

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

Digital payments & banks; tough calls for insurers; foreigners & Oz housing; miner equity raising & exploration activity; and grocery prices.