Optimistic expectations for the earnings season are leading Wall Street back toward all-time highs. Dow up 75. (Accessible only for subscribers before 10:15 AEST)
Global markets saw reversals to a degree from Friday’s initial US jobs responses as America returned to work last night after the break. (Accessible only for subscribers before 10:15 AEST)
Mineral prices slumped in June but there are signs that pressure is abating for some, signalling to analysts there may be opportunities out there.
House prices, building activity and consumer confidence are all subdued and Goldman Sachs has downgraded Australian economic growth forecasts.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Gold stocks face downgrades, Brent crude should rebound while nickel prices are likely to stay under pressure.
An easing of tension in Egypt, an easing of political tension in Portugal, and dovish commentary from both the ECB and BoE sent European stocks soaring last night in thin trade. (Accessible only for subscribers before 10:15 AEST)
The Chartist reports no sign of a bounce on the charts for Rio Tinto, with further downside more likley.
Strong jobs numbers sent Wall Street off to a positive holiday break, while Egypt took focus and European issues resurfaced. Dow up 56. (Accessible only for subscribers before 10:15 AEST)
JP Morgan suspects it’s time to become overweight commodity indices. Prices for bulks remain under pressure. Goldman hails gold miner plans for quality versus quantity.