With profit reporting season in full swing brokers have updated earnings forecasts for stocks in the Australian energy sector.
Wall Street is now struggling to hang on to gains amidst peripheral newsflow and silence from Europe. Dow down 38. (Accessible only for subscribers before 10:15 AEDT)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Northern financial markets have ground to a summer holiday halt with three more weeks of speculation to go. Dow down 10. (Accessible only for subscribers before 10:15 AEDT)
Market analysts at FXCM note the S&P rally has stalled as the US dollar trades around a key support level. They suggest a turn lower for equities could boost the currency.
Jonathan Barratt of Barratt’s Bulletin cites US summer demand, harricanes and ongoing geopolitical tensions as reasons oil remains supported.
There’s not much incentive to sell, but yet no confirmation of reasons to buy at this point. Dow up 7. (Accessible only for subscribers before 10:15 AEDT)
The S&P hit the technically significant 1400 mark last night as Wall Street continues to exhibit confidence in the world’s central banks. Dow up 51. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with Danske Bank revising commodity forecasts, analysis of the lead and zinc markets and how China’s aluminium market is dealing with Indonesia’s export ban.
With no new news or data to reflect on last night, markets remained positive following Friday’s surge. Dow up 21. (Accessible only for subscribers before 10:15 AEDT)