A glance through the latest expert views and predictions about commodities, which show divided views on the outlook for the base metals and oil prices in particular as well as for gold.
Greek protest riots turned fatal last night as the euro took another hit. Wall Street closed off its lows with the support of private jobs data. Dow down 58.
A glance through the latest expert views and predictions about commodities, with differening opinions as to whether resource stocks are over-reacting to the Henry tax review.
European markets gave the Greek rescue a vote of no confidence last night sparking a huge flight to quality and sending stocks and commodities tumbling. Dow down 225.
While the proposed resource tax is nothing but bad from an industry point of view, confusion over details has led to varying analyst interpretations before we even consider whether this legislation will pass.
Strong manufacturing numbers in Australia, Europe and the US helped turn markets around as the Greek plan fails to allay fears. Dow up 143.
Barclays Capital’s review of seasonal trends shows May tends to be a positive month for equities, energy and precious metals.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Confident of a Greek rescue, Wall Street embraced a raft of strong earnings reports and positive economic data last night. Dow up 122.
Oil prices have fallen along with other commodities as the EU’s economic woes continue, but a dislocation in the US market is distorting fundamentals.