Energy

Wall Street tried to recover from an inevitable morning drop but as was the case in Australia yesterday, that recovery failed. Dow down 634.

Surprising as it may seem, ATW’s Jerry Simmons spotted some positive market signals for equities last week.

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

An expected two-month payback from the Cadlao project in the Philippines is enough for DJ Carmichael to initiate coverage on junior oil play Raisama with a Spec Buy rating.

ECB intervention confusion in Europe sent a fragile market over the edge last night as margin call selling affected an accelerating slide. Dow down 512.

A glance through the latest expert views and predictions about commodities with positives identified for precious metals, iron ore and aluminium, disappointments for copper supply and potential energy sector catalysts.

Wall Street managed to turn another sharp loss into a small gain last night as buyers took advantage of what they see as oversold conditions. Dow up 29.

The debt deal was a mere distraction from the reality of a weakening US economy. Dow down 265.

Barclays Capital has analysed seasonal trends for August and notes equities, energy and bonds tend to perform well, base metals struggle and the US dollar is mixed.

Forget the debt ceiling – global manufacturing PMIs tell a sorry tale. Dow down 10.