Economists ask if there’s room to cut the RBA cash rate again as the Australian economy looks like hitting a soft patch and the housing recovery is patchy.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Analysts have been left scratching their heads as to why an energy company would become a yield play rather than a growth play. The spotlight now turns to BHP and Rio, which like Woodside have deferred spending.
Analysts find little prospect for higher metals prices in the near term and investors are valuing yield over growth.
The past two nights have seen solid jumps in copper, gold and oil although iron ore has bucked the trend. Dow down a net 19 points over two sessions. (Accessible only for subscribers before 10:15 AEST)
Brokers suspect copper market bearishness is overdone, while cuts to nickel production are needed and iron ore price forecasts may turn out too low.
By Rudi Filapek-Vandyck, Editor FNArena A few snippets from the week past: – When measured in renminbi, China's Q1 GDP…
A scam tweet sent Wall Street spiralling last night, then rebounding immediately, on what was otherwise a strong session for earnings. Dow up 152. (Accessible only for subscribers before 10:15 AEST)
Wall Street is back in buy-the-dip mode, re-establishing the trend prevailing before the China GDP sell-off. Dow up 19. (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.