A glance through the latest expert views and predictions about commodities with mixed views on the zinc and aluminium markets, some support for steam coal and a positive fertiliser market outlook.
S&P decided to put of all northern Europe on negative watch last night in a move that had sane people laughing hysterically. A rally on Wall Street was crimped. Dow up 78.
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.
Markets took a breather last night after global PMIs painted a less than rosy picture. Dow down 25.
Global growth uncertainty and the ongoing European debt crisis have impacted on commodity markets and lead National Australia Bank to forecast weaker prices in 2012.
Skyrocketing prices have taken their toll on rare earth demand even as supply growth crawls. End-users are going to extraordinary lengths to withdraw from global mispricing in which China holds 94% of the cards.
The world’s major central banks announced last night they would open swap lines to provide cheap dollar funding for Europe’s troubled banks. Dow up 490.
Commonwealth Bank offers nine reasons why one should not be concerned by an orderly decline in Chinese property prices.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.