Energy

While Chinese demand is strong it isn’t enough to cut into current stockpiles.

Weekly musings from your editor. Commodities in a bubble? Yes, they are. But this doesn’t mean another Armageddon lies around the corner.

Stocks suffer after weak US consumer sentiment casts doubt on the strength and timing of any US economic recovery.

Barclays Capital suggests the market may be too bearish on a slowdown in Chinese commodity demand in coming months and with other markets picking up it expects the uptrend to continue.

A solid GDP result from the EU sent the greenback tumbling and commodity prices soaring. Dow up 36.

BHP Billiton exceeded market expectations with its profit result, but brokers maintain the shares are fairly valued.

Strong late-season earnings reports spun Wall Street on a dime last night ahead of the Fed statement. Dow up 120.

Wall Street posted its biggest fall in five weeks last night, led by financials. Dow down 96. (Locked for subscribers until 10:00 AEST)

With no economic data and the earnings season winding down, Wall Street took profits last night following Friday’s surge. Dow down 32.

Stocks rallied to their highest levels since November after a better than expected jobs report boosted sentiment after a two-day downturn.