Energy

A 274 point rally in the Dow may be welcome but not very convincing in many a view.

While corporate earnings in Australia and globally are likely to be revised lower in coming months there still appears to be value in equities at current levels.

Analysts compare the impact of the new MRRT and PRRT tax proposals to the previous RSPT proposal.

Wall Street opened strongly last night, failed, and then kicked at the close. There is now a clear battle between buyers and sellers. Dow up 57.

Reuters chartist Wang Tao has published some very dire projections for the six months ahead.

While investor fears have weighed on oil prices in recent months Barclays Capital notes the demand picture has continued to improve, supporting the group’s view prices are headed higher.

A glance through the latest expert views and predictions about commodities, with a resolution of labour strikes seen as bad news for nickel prices and more tax related reviews for Oz miners.

Risk assets posted bearish signals on price charts in Q2, but the TechWizard suspects we might see a rally in the short term.

There remain mixed views on the outlook for oil prices, with ANZ Bank identifying some short-term downside risks but Barclays and Commonwealth Bank remaining positive on medium-term prospects.

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