Energy

Another big drop in the US dollar suggested QE2 positioning last night but stocks were unmoved. Dow down 12.

More talk from the “not quite as big as you think” camp on QE2 had the US dollar up and stocks down last night. Dow down 43.

WorleyParsons has indicated there will be a significant second half earnings split, but stockbrokers are sceptical given contract deferrals and a stronger AUD.

Mixed data and earnings reports left Wall Street directionless last night. Dow up 5.

The Dow jumped to exceed its April peak last night on home sale data before meeting selling once more. Dow up 31.

Woodside’s quarterly production and revenues surprised to the upside but further delays are likely at Pluto-1 and Pluto-2 gas exploration is proving disappointing.

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

Wall Street attempted another run-up towards the April peak last night but failed before a dollar bounce compounded the pullback. Dow up 38. (Locked for subscribers until 10:00 AEDST)

Wall Street reversed its earlier reaction to the Chinese rate hike last night and savoured several strong earnings reports. Dow up 129.

A glance through the latest expert views and predictions about commodities with UBS revising commodity price forecasts higher, plus some reasons for caution on aluminium and silver.