Energy

After Macquarie and JP Morgan initiated coverage on Miclyn with Buy ratings yesterday, Deutsche Bank has added to the positive view.

Wall Street rode an uneasy rollercoaster last night but it was up and only up for gold, to a new record high. Dow down 36.

Both Macquarie and JP Morgan have initiated coverage on service vehicle provider Miclyn Express Offshore with the equivalent of Buy ratings today.

Wall Street was last man in to the global relief rally on the back of the euro defence package announced after the New York close yesterday. Dow up 404.

A glance through the latest expert views and predictions about commodities, with the European debt crisis making investors risk averse to the extent commodity market fundamentals are being ignored.

Stockbroker DJ Carmichael lists those Australian listed mining companies it deems to have no exposure to the resource super profits tax.

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

A glance through the latest expert views and predictions about commodities, with Morgan Stanley lifting its platinum group metal forecasts, mixed views on oil and why sugar can fall further.

The ECB managed only to exacerbate fears last night amidst heavy selling while disparate US electronic stock platforms conspired to cause a big error. Dow down 347, having been down 1000 for a blink. (Locked for subscribers until 10:00 AEST)

The case for taking advantage of Henry-led weakness in the shares of Australia’s two diversified resource majors – the main targets of the tax.