A glance through the latest expert views and predictions about commodities with updates on base metal markets, why iron ore prices should strengthen and steel markets tighten and silver’s surplus.
ATW’s Jerry Simmons has turned positive on immediate prospects for risk assets, including US and Chinese equities and AUD/USD.
With a new government to be formed in Greece attention turned to Italy last night as the Italian ten-year yield rose dangerously higher. Dow up 82.
A brief look at important company events and economic data releases next week.
The referendum is off it would seem but Papandreou must still face a confidence vote. It was good enough news for Wall Street. Dow up 208.
Extensive flooding in Thailand may have disturbing ramifications for inflation in China while meteorologists are warning Australia may again be in for another wet tropical summer.
Ahead of the Herd’s Rick Mills suggests the creation of a new steel silk road could create a truly developed global economy, meaning it should be on the radar screen of investors.
The Greek prime minister’s insistence on holding a referendum on the latest austerity measures means the plan to save Europe is now up in the air. Dow down 297.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Rumours of China’s possible demise appear somewhat exaggerated, according to research and forecasting by a raft of economists across the globe, be the issues internal or external in nature. That is not to say forecasts are not without risks, or that further slowing is not expected.