Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A light volume session on Wall Street ahead of tonight’s US jobs number had the S&P500 back over 2100. Dow up 48. (Accessible only for subscribers before 10:15 AEST)
The Dow recovered from an initial hundred point fall as an anecdotal assessment on the economy neither confirmed nor dismissed a Fed rate hike. Dow up 2. (Accessible only for subscribers before 10:15 AEST)
Weakness on Wall Street last night was likely most attributable to it being the end of the month. Dow down 86. (Accessible only for subscribers before 10:15 AEST)
Heightened interest in lithium; more iron ore volumes arriving; macro economic environment positive for energy, utilities; looming price crunch for alumina?
Australian data dominated the past 24 hours with shuttered US and UK markets ensuring a quiet night. (Accessible only for subscribers before 10:15 AEST)
Real demand improves in China; iron ore pressure; G7 on industrial over-capacity; BHP Billiton’s identity crisis; jump in nickel use; the AUD and Oz gold miners.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
After two strong sessions, Wall Street stalled to regroup last night. Dow down 23. (Accessible only for subscribers before 10:15 AEST)
Wesfarmers has outlined large impairments on Target and Curragh coal mine to be taken in the FY16 accounts. Brokers were not surprised but some question whether a dividend reduction is in the offing.