Iron Ore

Yesterday’s local trashing may not have been apparent to Janet Yellen when last night she called Wall Street overvalued, Dow down 86. (Accessible only for subscribers before 10:15 AEST)

Madness in the local market, a Grexit back on the cards, alarming data out of the US – it has all been happening over the past 24 hours. Dow down 142. (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.

Manganese has suffered a similar fate to iron ore in the slowing of steel production growth but the upcoming South32 de-merger has reinvigorated interest in the outlook for the metal.

Wall Street joined the rest of the world in a general sell-down last night as the Aussie also retreated. Dow down 195. (Accessible only for subscribers before 10:15 AEST)

Long-held assumptions have been put to the test as big moves in stock and currency markets over the past 24 hours reflect a weaker US economy. Dow down 74. (Accessible only for subscribers before 10:15 AEST)

Oil production decline in US; China’s thermal coal exports; copper supply diversifies; gold under pressure; platinum demand lacklustre.

The Chartist reports the recent bounce in the iron ore price might not simply represent a short term snap-back.

The Aussie broke out of its trading range and leapt 2% to over 80 last night as Wall Street awaits the Fed statement tonight. Dow up 72. (Accessible only for subscribers before 10:15 AEST)

The iron ore rebound has given global materials stocks a new lease of life although a sell-off in biotech spoiled the party for Wall Street last night. Dow down 42. (Accessible only for subscribers before 10:15 AEST)