Energy

A glance through the latest expert views and predictions about commodities, with Barclays lowering its expectations for LNG supply and Macquarie seeing opportunities in the resources sector.

A glance through the latest expert views and predictions about commodities with analysts identifying positives for nickel, oil and gold.

Overnight price action in crude oil futures appears to point into the direction of a swift reversal of the underlying trend.

A glance through the latest expert views and predictions about commodities, with aluminium and zinc prices suggestive of production cutbacks and potential for upside in iron ore and oil prices.

Macquarie examines the potential RSPT impact on Australia’s GDP while GSJB Were notes the critical earnings impact of the “super” threshold.

The Dow closed up only 5 points, but it is still the first two-day winning streak since April. The S&P 500 was up a more definitive 0.4%. All quiet ahead of jobs tonight.

UBS has made minor changes to its model portfolio to reflect May market action, while RBS has identified potential ASX100 earnings surprises in August’s reporting season.

Home sales figures were merely the excuse that sparked another rare rally last night, as value-buying gave way to a short-covering rush. Dow up 225.

At a time when the RSPT threatens Australian LNG projects, more bad news may stem from the Chinese government raising domestic gas prices, Macquarie suggests.

Weak manufacturing data, the Israeli attack, hurricane forecasts, and a growing appreciation of the extent of the Gulf oil disaster weighed on markets last night. Dow down 112. (Locked for subscribers until 10:00 AEST)