Energy

Wall Street dismissed the inevitable downgrading of Spain last night and instead embraced the Fed’s brighter picture. Dow up 53.

Equities in Shanghai are falling below technical support levels, weighing on sentiment for commodities.

S&P downgraded Greek debt to below investment grade last night and took Portugal’s rating down two notches. Dow down 213.

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 an update on the impact of Chinese trade data and the impact on agricultural markets of the Iceland volcanic eruption.

Wall Street managed to reverse an early plunge last night on vague EU assurances and some comfort from the President. Dow up 9. (Locked for subscribers until 10:00 AEST)

Morgan Stanley has identified some more small cap companies where it sees value, while Macquarie has Boart Longyear on its Marquee Ideas list.

Another big sell off in Greek bonds had traders exiting the Aussie last night as the SPI Overnight headed south despite a flat close on Wall Street.

Chinese demand is growing but producers continue to explore for additional gas supplies, meaning not everyone in the Australian LNG market is likely to emerge as a winner.

Positive earnings results including a cracker from Apple last night sent Wall Street towards its highs again. Dow up 25.