Energy

The S&P 500 is stuck at its 200-day moving average with mixed data and lack of volume providing little in the way of direction from here. Dow up 22.

Molopo is developing unconventional oil deposits in Canada and while these imply additional risks there is significant upside on offer in the view of Macquarie.

Citi sees some question markets for Beach Petroleum, as spending for growth has not been successful and there may be little value in the company’s shale assets.

While Wall Street was stronger on IP data, volumes were low and other markets stood still as authorities tinkered or are anticipated to tinker. Dow up 46.

The technical picture for the greenback looks ominous, report chartists at Barclays. This could be the start of a rally in risk assets.

Gold reached a new record high last night as confusion reigned elsewhere across markets. Dow down 17.

Wall Street followed Australia up last night on Chinese data and the Basel III regulations. Dow up 81.

A glance through the latest expert views and predictions about commodities with supportive factors identified for gold, copper and oil and an update on Brazilian iron ore output.

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

The market was very disappointed yesterday when Santos sold 15% of GLNG to Total at well below the expected price, but brokers see bigger picture positives.