Wall Street can’t seem to get any Santa rally traction as Europe overhangs and China might be planning a policy change. Dow down 2.
BTIG Market Strategist Mike O’Rourke explains why equities, not commodities, are the place to be.
Goldman Sachs has just lifted its 2011 average oil price forecast to US$100/bbl. Are we about to re-live the 2008 oil spike?
Wall Street opened stronger on confirmation the Obama Administration had compromised on tax cuts before a late sell-off wiped out the gains. Dow down 3.
Market analysts at FXCM predict crude oil won’t correct meaningfully until the price is well past US$90 per barrel.
A glance through the latest expert views and predictions about commodities, with buying not building a cheaper option for copper producers, positives for iron ore, coal and oil prices and some strategies for the coming year.
What to do about Europe? The Europeans don’t seem to know. Uncertainty breeds weakness as the bulls try hard to drive the Bernanke gravy train. Dow down 19.
A glance through the latest expert views and predictions about commodities, with bad weather offering some positives for coal, strong Chinese demand a positive for gold, upgrades for copper and revisions to energy price forecasts.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A big jump in US pending home sales and at least some reassurance from the ECB had Wall Street running hard for a second consecutive session. Dow up 106.