Plenty of speculation but nothing new out of Europe yet. Wall Street bounced around regardless. Dow up 161.
Ahead of the Herd’s Rick Mills suggests the global shift in trade and the growing importance of the Chinese yuan should be on the radar screens of investors.
Strong US earnings, China’s PMI and hints from Europe had Wall Street up again, and commodities off to the races. Dow up 104.
Most stockbroker research focused on China in the week past with Europe only playing second fiddle. Meanwhile profit estimates continue to fall.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Merkozy has now declared a definitive agreement on Europe will be announced next Wednesday as copper plummets on a Chinese clampdown. Dow up 37.
(This story was originally published on Tuesday, 18th October, 2011. It has now been re-published to make it available to…
A glance through the latest expert views and predictions about commodities with updates on supportive factors for oil and tin, China’s under-reporting of steel production and a correction in iron ore prices.
Wall Street had already bounced before an E2trn rumour hit the market and was quickly quashed. Fun and games, Dow up 180.
A glance through the latest expert views and predictions about commodities with ANZ and Barclays updating on commodity expectations, issues for steel and oil and a note on palladium.