Jonathan Barratt of Barratt’s Bulletin notes that while the Syrian premium in the oil price is eroding, the end of the US summer and a benign hurrican season also offer more downside.
Wall Street has pushed well past its Syria tipping point, and appears to be shrugging of tapering fears. Dow up 135. (Accessible only for subscribers before 10:15 AEST)
Wall Street rose last night, again buoyed by a combination of stronger Chinese data and the increasingly likelihood of a non-military solution for Syria. Dow up 127. (Accessible only for subscribers before 10:15 AEST)
A proposed diplomatic solution for Syria, strong Chinese data, less tapering fear and the back-to-work effect interest conspired to produce a strong day on Wall Street. Dow up 140. (Accessible only for subscribers before 10:15 AEST)
The future of thermal coal. Mineral sands and commodity price weakness – when will it turn?
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Jonathan Barratt of Barratt’s Bulletin suggests the only reason oil is not much lower is the geopolitical premium.
Pressure on oil and gold with upturn in Middle East conflict? Gold sentiment remains weak while base metals finds some support.
Wall Street caught up with world news then sold off on Syria fears last night. Dow up 23. (Accessible only for subscribers before 10:15 AEST)
The world doesn’t need Wall Street to prompt a manufacturing-led global rally. (Accessible only for subscribers before 10:15 AEST)