Wall Street doesn’t want to go down, but doesn’t want to go up either. Something will have to give. Dow down 2. (Accessible only for subscribers before 10:15 AEST)
A subdued outlook is in place for iron ore, steel, coking coal and oil. In contrast, gold looks a little brighter.
The Veterans’ Day bank/bond market holiday in the US left all markets thin, and in some cases volatile, last night. Dow flat. (Accessible only for subscribers before 10:15 AEST)
US stocks held their ground last night but currencies, bonds, oil and gold all reversed their initial Friday night responses to the US jobs report. Dow up 39. (Accessible only for subscribers before 10:15 AEST)
Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in BHP Billiton.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
For the 37th time in 2014, the Dow hit a new all-time high last night in rising 69 points. (Accessible only for subscribers before 10:15 AEST)
Downward price pressure continues for oil; Cooper Basin expectations reduced; M&A appetite prevails among miners; macro economic trends preoccupy LME conference participants.
Wall Street was buoyed last night when it became clear the Republicans now have a majority in both houses. Dow up 100. (Accessible only for subscribers before 10:15 AEST)
Further falls in oil prices last night dragged on Wall Street and sparked selling in base metals. Dow up 17. (Accessible only for subscribers before 10:15 AEST)