Iron Ore

A raft of mixed global manufacturing data, the ongoing Japanese slide, more Fed-speak, a bounce in commodity prices and a big bounce in the Aussie make for more confusion. Dow up 138. (Accessible only for subscribers before 10:15 AEST)

A continuation of subdued growth is expected in 2013. Base metals, coal, gas and oil prices are expected to remain soft.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street rallied last night on a weaker GDP result, implying a delayed Fed exit. Dow up 21. (Accessible only for subscribers before 10:15 AEST)

The way ahead looks familiar for Wesfarmers. The high road is Coles, Bunnings and Kmart. Centre line is Officeworks, Insurance. The low road is Target, Coal and Chemical/Industrial divisions.

Wall Street has concluded that a Fed exit is inevitable eventually and has decided it’s time to switch out of yield stocks. Dow down 106. (Accessible only for subscribers before 10:15 AEST)

Strong confidence and house price data pushed stocks up and bonds down on Wall Street, despite the Fed tapering risk. Dow up 106. (Accessible only for subscribers before 10:15 AEST)

An inflation theme is emerging while copper stocks are set to build and there is a battle for gold, but iron ore prices may not fall too far.

It was quiet overnight with both the US and UK markets closed for holidays. (Accessible only for subscribers before 10:15 AEST)

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.