A shooting in Canada and another fall in oil prices reversed the mood on Wall Street last night. Dow down 153. (Accessible only for subscribers before 10:15 AEST)
Respectable Chinese GDP, solid US earnings, more ECB stimulus, oil price stability, and easing of Ebola fears – whatever were we worried about? Dow up 215. (Accessible only for subscribers before 10:15 AEST)
The ECB has begun buying covered bonds in member countries while mixed earnings results on Wall Street affected mixed index moves. Dow up 19. (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.
Whitehaven Coal delivered robust production numbers in the September quarter but brokers are focused on the key Maules Creek project …and the debt.
Wall Street recovered from another 200 point Dow fall to close square last night, prompting questions of whether 10% sees the correction completed. Dow down 24. (Accessible only for subscribers before 10:15 AEST)
Weak US data sparked a stunning capitulation in US bonds and Ebola helped the Dow to a 460 point drop before markets swung back violently in the afternoon. Dow down 173. (Accessible only for subscribers before 10:15 AEST)
Mount Gibson Iron’s cash pile is larger than its peers and brokers expect this will stand the stock in good stead as the lower iron ore price batters sector margins.
Big drops in oil prices overnight restrained an attempted rally on Wall Street as US bond yields hit a new 16-month low. Dow down 5. (Accessible only for subscribers before 10:15 AEST)
Already suffering from slowing Chinese demand and a weakening in producer currencies, coal producers now face a barrage of Chinese import tariffs.