Energy

While its share price has risen strongly over the past year Imdex continues to offer value and with earnings risk to the upside Moelis rates the stock a Buy.

US data have been weak of late, but a very weak ADP jobs number and then a later warning from Moody’s over Greece had markets reeling last night. Dow down 279. (Locked for subscribers until 10:00 AEDT)

The Chartist cannot get too excited about short term prospects for Santos shares.

Germany may agree to delay Greek restructuring – news that boosted Wall Street despite more weak US data. Dow up 128.

On a quiet night across the globe with New York and London shut, newspapers speculated on the latest in the Greek tragedy.

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

Wall Street recovered to a positive close after a weak GDP result sparked early selling. Dow up 8.

Commonwealth Bank analysts fear ECB resistance to Greek restructuring will mean more euro weakness ahead of any resolution. Australian stocks are indirectly exposed.

Goldman Sachs’ call was still resonating last night as oil and metals continued their rally. Dow up 35.

Oil price upgrades from both Goldman Sachs and Morgan Stanley were about the only highlight in an otherwise choppy session. Dow down 25.