Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The Chinese government’s desperate efforts to halt its stock market crash finally paid off yesterday. Dow up 33. (Accessible only for subscribers before 10:15 AEST)
The Chartist reports a failure to hold 46.70 suggests open downside for the iron ore price.
Wall Street tumbles on China as iron ore falls 11% despite a rebound in base metals and a glimmer of hope for Greece. Dow down 261. (Accessible only for subscribers before 10:15 AEST)
Wall Street followed Australia’s astonishing reversal yesterday with the biggest intraday turnaround in four years. Metal prices were slaughtered last night. Dow up 93. (Accessible only for subscribers before 10:15 AEST)
Global stock markets held up relatively well in the wake of the “no” vote but on the Greece/China quinella, oil, iron ore and copper took a hit. Dow down 46. (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.
The world has squared up ahead of Sunday, and the US long weekend. Dow down 27. (Accessible only for subscribers before 10:15 AEST)
Slumping prices are generating pain across a range of commodities, while nickel appears better positioned for some upside.
The Chartist reports Fortescue Metals is in a downtrend but is nearing support for those feeling brave.