Energy

A glance through the latest expert views and predictions about commodities with long aluminium / short silver seen as the trade for 2011 and updates on agricultural, bulk commodity and oil markets.

Strong global manufacturing data and a solid private jobs report put Wall Street back into forward gear last night, and now there’s talk of the Fed printing money to help the IMF to save Europe. Dow up 250.

Wall Street was unable to shake off European concerns at the end of the month despite some positive economic data. Dow down 46.

German insistence that European sovereign bondholders will have to take a haircut after 2013 if needs be has forced a de-rating of all euro-debt despite the Irish bail-out. Dow down 39.

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

In the view of Barclays Capital any price dips in commodities are buying opportunities as underlying trends continue to support higher prices in the future.

European stocks traded higher last night but activity across the markets was light given the US Thanksgiving holiday.

With no new news from abroad last night, Wall Street jumped into holiday mode as jobless numbers and retailer results reversed Tuesday’s risk aversion. Dow up 151.

High Oil inventories are currently limiting prices but Barclays Capital expects as inventories normalise prices will continue to trend higher.

A threat of war on the Korean Peninsula added to global market woes last night as the Fed downgrades its US forecasts. Dow down 142.