Negative comments from a billionaire investor saw Wall Street breach support levels and head south in a hurry in late trade. Dow down 210. (Accessible only for subscribers before 10:15 AEST)
Large rebound in Chinese imports; break even lowered for iron ore producers; oil risks growing; coking coal finally rallies; supply reductions beginning for nickel.
A Fed rate hike now looks less of a possibility in June following last night’s statement release. Dow up 51. (Accessible only for subscribers before 10:15 AEST)
Wall Street was quiet last night ahead of after-the-bell earnings reports and central bank meetings in coming days. Dow up 13. (Accessible only for subscribers before 10:15 AEST)
Santos is walking a fine line brokers observe, balancing costs and expenditure and taking opportunities to source gas for sale in an environment where low prices prevail.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
There was little surprise on Wall Street last night when indices fell back somewhat after the strong run up. Dow down 113. (Accessible only for subscribers before 10:15 AEST)
BHP Billiton, like peer Rio Tinto, has opted for the value over volume proposition in iron ore and puts in place a two-year rail maintenance program in Western Australia.
The oil price may have bounced substantially but broker views on where it’s now headed vary, which impacts on views on Australia’s major energy stocks.
Wall Street continued to drift higher last night on low volume as oil prices again rallied. Dow up 42. (Accessible only for subscribers before 10:15 AEST)