Coal and Steel

The ECB re-entered the monetary policy brouhaha last night by doing nothing. Dow down 46. (Accessible only for subscribers before 10:15 AEST)

Varied drivers for iron ore and coal; precious metals trajectory; focus on US oil production; copper drifts.

The Fed Beige Book was laughed off last night as Wall Street posted another dull session. (Accessible only for subscribers before 10:15 AEST)

Weak data on the US services sector last night wiped out any last chance of a September Fed rate rise, Wall Street decided. Dow up 46. (Accessible only for subscribers before 10:15 AEST)

It was a typically quiet night in markets with the US on holiday. (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.

A shock drop into contraction for US manufacturing had Wall Street back playing the good news/bad news game last night. Dow up 18. (Accessible only for subscribers before 10:15 AEST)

Global markets are becoming increasingly shaky as the possibility of a Fed rate rise strengthens. Dow down 53. (Accessible only for subscribers before 10:15 AEST)

More hawkish commentary from the Fed vice chair and a bit of a tax issue for Apple saw Wall Street fall back again last night. Dow down 48. (Accessible only for subscribers before 10:15 AEST)

US bank stocks rose on rate hike expectations while bond yields fell on no rate hike expectations. Wall Street doesn’t know what to believe. Dow up 107. (Accessible only for subscribers before 10:15 AEST)