Rio Tinto has signed off on the Simandou iron ore project but is iron ore dragging down trapped value elsewhere in Rio’s total portfolio?
US investors enjoyed their long weekend, apparently, and carried a good mood into last night’s trade. Dow up 69, but gold has tanked. (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.
European central banks’ gold pact; Citi bullish on nickel; large diversified miners to outperform; bear and bull cases for iron ore; and iron ore links to the Australian dollar.
The fear seems suddenly to have abated as Wall Street looks forward to a long weekend. Dow up 10. (Accessible only for subscribers before 10:15 AEST)
Just as the clouds appeared to be gathering, the Dow bounced back last night to post its best gain in five weeks, up 158. (Accessible only for subscribers before 10:15 AEST)
Is the US economy improving or not? Wall Street cannot decide. Dow down 137. (Accessible only for subscribers before 10:15 AEST)
In thin trading, the knocked down US techs and small caps again staged a rebound rally last night. Dow up 20. (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.
Ongoing strength in US bonds and last night’s weak eurozone GDP has accelerated the flight to safety as global growth forecasts are questioned. Dow down 167. (Accessible only for subscribers before 10:15 AEST)