Jonathan Barratt of Barratt’s Bulletin suggests the recent jump in oil prices on Egyptian concerns is unwarranted and belies global oversupply.
Strong jobs numbers sent Wall Street off to a positive holiday break, while Egypt took focus and European issues resurfaced. Dow up 56. (Accessible only for subscribers before 10:15 AEST)
More solid US data were met by more world rumblings last night as traders eyed the fourth of July. Dow down 42. (Accessible only for subscribers before 10:15 AEST)
Carbon capture and biofuel production pioneer Algae.Tec has signed a deal with NSW’ largest coal-fired power station to construct an adjacent capture/production facility, believed to be a wold-first for coal-related industry.
Positive data everywhere but China had global markets on the rise last night, and commodity prices jumping. Dow up 65. (Accessible only for subscribers before 10:15 AEST)
A new Prime Minister opens up the debate on the MRRT and carbon tax, while steel prices diverge and oil demand slows in emerging markets.
Stockbrokers zoomed in on the upcoming federal elections and the impact for corporate Australia. Plus what will the impact be of a weaker Aussie? More tough times for retailers?
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Senex Energy offers significant unconventional oil and gas upside potential underpinned by steady and increasing high-margin oil production. Stockbrokers’ enthusiasm is steeply on the rise.
Fed regional presidents stepped in last night to explain to markets that there is no need to believe the Fed will start tapering anytime soon. Dow up 114. (Accessible only for subscribers before 10:15 AEST)