Wall Street was eagerly anticipating QE2 last night, on minimal volume. Dow up 45.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A glance through the latest expert views and predictions about commodities, with Goldman Sachs lifting its zircon estimates, analysts updating on the natural gas and iron ore markets and arbitrage activity in copper.
A brief look at important company events and economic data releases next week.
A glance through the latest expert views and predictions about commodities, with fundamentals looking positive for both copper and oil and Deutsche Bank highlighting some scope for minor changes to estimates in the steel sector.
Renewed strength in the gold price has been partly attributed to Beijing’s easing of internal gold trading restrictions.
Tuesday night saw weak economic data and earnings, and last night saw the opposite. Reverse everything, Dow up 44.
A glance through the latest expert views and predictions about commodities with an improving outlook for base metal prices and Morgan Stanley seeing Citadel as an Undervalued copper exposure.
Not too negative data had Wall Street on the fly on thin volume last night with metal prices following suit. Dow up 208.
As predicted by FNArena, the monthly HSBC/Markit PMI Survey for Chinese manufacturers dipped below 50 in July.