Coal and Steel

A surprise fall in weekly US crude inventories sent oil higher last night and the old correlation kicked back in. Dow up 112. (Accessible only for subscribers before 10:15 AEST)

The IMF weighed into the slowing global growth story last night with an endorsement of negative interest rates, sending bond yields tumbling. Dow down 133. (Accessible only for subscribers before 10:15 AEST)

Mixed signals for copper; aluminium prices under threat; specific commodity exposure more critical for Australian resources; a steel & scrap rally.

Wall Street was relatively quiet last night as traders look ahead to the beginning of earnings season next week. Dow down 55. (Accessible only for subscribers before 10:15 AEST)

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street ended a very wild quarter with a whimper ahead of tonight’s jobs numbers. Dow down 31. (Accessible only for subscribers before 10:15 AEST)

Wall Street continued to enjoy the spoils of Fed support last night as the quarter heads to a close. Dow up 83. (Accessible only for subscribers before 10:15 AEST)

Revenue trends in China; Chinese resources demand; hard times for coal; speculative buying in copper.

Janet Yellen has surprised markets by insisting caution is required with regard to Fed policy, thus silencing the dissenters. Dow up 97. (Accessible only for subscribers before 10:15 AEST)

South32 has been re-rated by various brokers over the past month as they factor in the company’s efforts along with the outlook for commodity prices.