Solid US economic data ensured another rise on Wall Street, but activity was less than convincing. Dow up 42. (Accessible only for subscribers before 10:15 AEDST)
Rio Tinto’s outlook is guardedly positive, weak gold is offering opportunity, while Credit Suisse sees some light at the end of the tunnel for nickel.
The Dow entered blue sky territory last night, boldly going where it has never been before, in rising 125 points. (Accessible only for subscribers before 10:15 AEDST)
Wall Street shrugged off sequesters and Chinese property restrictions to again close higher last night. Dow up 38. (Accessible only for subscribers before 10:15 AEDST)
Analysts suspect iron ore’s price rebound is short term, coal is still plentiful and the copper surplus is eroding. Gold prices should ease.
The Dow ran up to within sight of the all-time high and then got the jitters, retreating for the time being. Dow down 20. (Accessible only for subscribers before 10:15 AEDST)
We take a closer look at the latest on two of Australia’s main economic export drivers, coal and iron ore.
Forget Europe, forget the sequester. Positive US data and more QE confirmation sent Wall Street looking for new highs again last night. Dow up 175. (Accessible only for subscribers before 10:15 AEDST)
Wall Street quickly forgot about Italy last night on solid housing data and Bernanke’s quashing of QE exit talk. Dow up 115. (Accessible only for subscribers before 10:15 AEDST)
Tropical Cyclone Rusty is headed for the Pilbara coast and Rusty is not good for iron.