For the first time in a long time, Wall Street fell as the euro rallied last night, based on financial regulation fears within the general panic. Dow down 376.
A glance through the latest expert views and predictions about commodities with both copper and oil seen as mispriced on fundamentals and the Super tax proposal causing project deferrals in Australia.
The euro fell then bounced hard last night and Wall Street again followed suit, turning a 186 point down day in the Dow into only 66 points down.
A glance through the latest expert views and predictions about commodities with platinum, zinc and gold in focus.
There was a brief moment in the sun on offshore markets last night before Germany moved the goal posts and the euro sank once more. Dow down 114.
The euro fell to near US$1.22 last night before rebounding back to near $1.24. The Dow fell 180 points but closed up 5. Yet commodities were absolutely trashed. (Locked for subscribers until 10:00 AEST)
A glance through the latest expert views and predictions about commodities, looking at current WTI oil price weakness, natural gas price weakness, and and the lastest forecast downgrades to account for the RSPT.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Strength on European markets belied an ever weakening euro while Wall Street struggled to justify further gains before losing its bottle in the last hour. Dow down 113. (Locked for subscribers until 10:00 AEST)
Wall Street was heartened by economic data and pushed indices back above the collapse level of last week. Dow up 148.