Iron Ore

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Last night’s close above 2120 for the S&P500 may signal a break-out of its entrenched range. Dow up 191. (Accessible only for subscribers before 10:15 AEST)

Australia may be domestically focused this week but weak data has been the story across the globe this past 24 hours. Dow down 7. (Accessible only for subscribers before 10:15 AEST)

Citi hails Carrapateena and Frieda River projects; few signs of tin recovery; no tailwinds for crude; more supply rationing needed in iron ore.

Technical breaches saw early panic selling in US bonds last night, spooking Wall Street, until calm was again restored. Dow down 36. (Accessible only for subscribers before 10:15 AEST)

US bond yields shot up last night as a global bond sell-off gathers intensity. (Accessible only for subscribers before 10:15 AEST)

Investors have called the bottom in iron ore prices but ANZ analysts believe a subdued Chinese steel outlook will keep a lid on bulk prices for some time.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Uncertainty around tonight’s US jobs number had markets playing it safe last night. Dow up 82. (Accessible only for subscribers before 10:15 AEST)

Commodity demand improves in April; temporary respite for oil; gold apathy; urea under pressure; more rationing needed for iron ore.