Energy

If my personal observations are correct, the overall market bias has shifted to a positive outlook for equities.

Citigroup’s successful preferred issue has provided relief, but stocks are still struggling to find impetus despite a late burst. Dow up 44.

The Dow went nowhere while the S&P and Nasdaq headed north last night. A new phase? Dow up 3.

On the anniversary of the market bottom, Wall Street is looking for direction. Dow up 11.

A very lacklustre session saw Wall Street do very little last night. Dow down 13.

Mixed US economic data met a successful Greek bond sale last night to send Wall Street higher on low volume. Dow up 47. (Locked for subscribers until 10:00 AEDST)

According to Barclays Capital the global oil market is moving closer to a new pricing phase in a range of US$80-$90 per barrel.

A new set of harsher budget measures from Greece got the thumbs up last night as mixed US data kept Wall Street flat. Dow down 9.

Wall Street was mixed last night, masking decent moves up in commodity-based stocks as pressure begins to rebuild for the US dollar. Dow up 2. (Locked for subscribers until 10:00 AEDST)

Barcays Capital’s analysis of seasonal trends shows March tends to be good for equity and energy markets.