A glance through the latest expert views and predictions about commodities with UBS revising commodity price forecasts higher, plus some reasons for caution on aluminium and silver.
Having not raised rates since December 2007, yesterday the PboC surprised markets and sent the US dollar crashing up and stocks and commodities crashing down by announcing a 25bps hike.
The Chinese rate rise pushed up the US dollar last night sending stocks down ahead of news the NY Fed is suing BofA. Dow down 165.
A glance through the latest expert views and predictions about commodities with commentary from LME Week, some positive views on for mineral sands and fertiliser prices and revisions to ratings in the energy sector.
ANZ Bank estimates Australia needs invest $600 billion in infrastructure over the next six years, while in Asia the estimate is US$13 trillion over the next decade.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Financial stocks were slapped on Wall Street last night as potentially fraudulent sub-prime activity came back to haunt the majors. Dow down one point in an otherwise resilient market.
Last night’s rally on Wall Street is a hard one to decipher other than it looks like some buying might be coming in. Dow up 75. (Locked for subscribers until 10:00 AEDST)
Many a commentator is suggesting gold is overbought, but can it simply keep going up regardless?