Iron ore glut continues; China reduces coal production; copper surplus; oil threat remote; and platinum group price reductions.
The Chartist reports the charts suggest an ongoing tale of woe for iron ore prices, and hence iron ore producers.
The start of the US earnings season tonight had Wall Street playing it cautiously last night. Dow down 5. (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.
Wall Street struggled with weak economic data last night, meanwhile iron ore has how fallen below US$50. Dow down 77. (Accessible only for subscribers before 10:15 AEST)
Last night’s drop on Wall Street assured a flat close for the major US indices for the March quarter. Dow down 200. (Accessible only for subscribers before 10:15 AEST)
Up down and all around while achieving little. China, Europe and M&A lit a spark under Wall Street last night. Dow up 263. (Accessible only for subscribers before 10:15 AEST)
Booming residential construction and strength in equity markets and property markets are combining to provide outperformance for conglomerate Brickworks.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Geopolitics is back, and a familiar response was seen last night in oil markets. Dow down 40. (Accessible only for subscribers before 10:15 AEST)