Q3 is shaping up as a highly volatile quarter dominated by economic data and government decisions, argue Gain Capital’s Brian Dolan and Jane Foley.
A weak US housing number added to a growing renewal of general concern last night as the S&P500 fell through its 200-day moving average amidst weak volume. Dow down 148. (Locked for subscribers until 10:00 AEST)
A glance through the latest expert views and predictions about commodities, with Macquarie positive on coal, BA Merrill Lynch seeing upside on coal service stocks and JP Morgan updating post a tour of Oz steel assets in the US.
China has announced it will end the peg of its currency against the US dollar, an announcement analysts see as a positive for the Australian dollar.
A glance through the latest expert views and predictions about commodities, with Barclays lowering its expectations for LNG supply and Macquarie seeing opportunities in the resources sector.
Both zinc and lead prices have fallen heavily in recent months but analysts at Hallgarten suggest better times are ahead for both metals.
A glance through the latest expert views and predictions about commodities with analysts identifying positives for nickel, oil and gold.
A glance through the latest expert views and predictions about commodities, with aluminium and zinc prices suggestive of production cutbacks and potential for upside in iron ore and oil prices.
Following a month where base metal prices fell and precious metal prices rose Barclay Capital has updated its views on the outlook for both metal classes.
A glance through the latest expert views and predictions about commodities with signs aluminium prices may be near a bottom, adjustments to coal sector earnings and basic materials yield plays.