Wall Street kicked on with it last night, although traders continue to point to short-covering rather than conviction buying. Dow up 145. (Accessible only for subscribers before 10:15 AEST)
A shift towards the “stay” vote and a surge in US home sales had buyers scrambling on Wall Street. Dow up 213. (Accessible only for subscribers before 10:15 AEST)
BlueScope Steel has upgraded guidance for the second half of FY16 by 29%, reflecting higher prices, stronger volumes and cost reductions. Brokers are divided as to whether there is more upside to come.
Wall Street has gone into quiet mode ahead of what June might bring. Dow down 8. (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.
Fed officials seemed determined to prepare the market for a rate hike. Dow down 91. (Accessible only for subscribers before 10:15 AEST)
The potential for a June rate hike is greater than assumed, according to the Fed minutes. After a wild ride, Dow down 3. (Accessible only for subscribers before 10:15 AEST)
LNG offtake expiries; pick up in ferrochrome; improving fundamentals in iron ore; rapid fall in steel; rise in tin; loss making continues in nickel; demand growth for cobalt.
Bid for AWE and near and longer term oil trends; silver outperforms; ample zinc stocks; and Macquarie upgrades near term outlook for iron ore.
A jump in US CPI had investors running for the hills ahead of a June Fed rate hike last night. Dow down 180. (Accessible only for subscribers before 10:15 AEST)