The Fed minutes indicated no imminent change in policy, so last night Wall Street recovered everything it lost on Tuesday night. Dow up 274. (Accessible only for subscribers before 10:15 AEST)
As global growth slows and US shale production continues to grow, something has to give. It all has implications for Australia’s LNG export aspirations.
The IMF caught up with the rest of the world last night in dropping its global growth forecasts, hitting frayed October nerves. Dow down 272. (Accessible only for subscribers before 10:15 AEST)
Titan Energy has dealt market confidence a blow by suddenly downgrading guidance – by a large amount.
A sharp, arguably overdue and likely temporary correction in the US dollar last night kept a lid on Wall Street but sparked commodity price rebounds. (Accessible only for subscribers before 10:15 AEST)
Protracted recovery in coking coal; iron ore supply overwhelms; and more oil is being pumped.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Bridge Street tried to hang on gamely yesterday while last night Wall Street bounced off intraday lows, led by the small caps. Dow down 3. (Accessible only for subscribers before 10:15 AEST)
Hong Kong and Ebola are growing as fears impacting on global markets. Dow down 238. (Accessible only for subscribers before 10:15 AEST)
As other developed market economies falter, funds continue to flow into the US to ensure a stronger dollar and further pressure on commodity prices. Dow down 28. (Accessible only for subscribers before 10:15 AEST)