Following significant recent volatility in iron ore prices brokers have updated price forecasts and models for Australian companies in the sector.
More earnings beats, solid economic data, a change of regime at Citigroup and unconfirmed news from Spain all conspired to push Wall Street ever higher. Dow up 127. (Accessible only for subscribers before 10:15 AEDST)
A solid result from Citigroup had Wall Street thinking maybe earnings expectations are too negative. Dow up 95. (Accessible only for subscribers before 10:15 AEDST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A glance through the latest expert views and predictions about commodities with brokers positive on copper and gold while UBS warms to thermal coal.
Spain is downgraded, putting more pressure on Madrid, while Apple’s influence on US indices continues to be significant. (Accessible only for subscribers before 10:15 AEDST)
Economists see a tough road to recovery for China. GDP growth, iron ore forecasts and other commodity prices are revised.
Spain, Greece, US earnings, economy downgrades, the fiscal cliff – eventually something had to give. Dow down 128. (Accessible only for subscribers before 10:15 AEDST)
A sudden plunge in the euro last night that sent Wall Street packing has been blamed on a misquote in Spanish bond yields. Dow down 110. (Accessible only for subscribers before 10:15 AEDST)
Wall Street did a whole lot of nothing last night on a part holiday as earnings approach and eurozone finance ministers meet. Dow down 26. (Accessible only for subscribers before 10:15 AEDT)