Iron Ore

Wall Street shot up from the open last night on reassurance the Fed is not going to move in any hurry. Dow up 109. (Accessible only for subscribers before 10:15 AEST)

“Considerable time” is still in there, but the Fed’s forward interest rate assumptions have shifted higher. Dow up 24 and the Aussie has an 8 in front of it. (Accessible only for subscribers before 10:15 AEST)

Thermal coal exporters from Australia have been dealt another blow as China says no to lower quality.

A report suggesting the Fed won’t shift policy tonight, coupled with Chinese stimulus, sent markets into rapid reverse-mode last night. Dow up 100. (Accessible only for subscribers before 10:15 AEST)

With little end in sight to a weak iron ore price, Arrium has decided to act upon its debt sooner rather than later by announcing a surprise raising. Brokers discuss whether investors should take up their rights.

The great carry trade unwind continues across the globe ahead of tomorrow night’s Fed statement. Dow up 43. (Accessible only for subscribers before 10:15 AEST)

Platinum and palladium supply remain weak while gold companies are concentrating on profitable ounces and risks around iron ore are not receding.

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

Wall Street and global markets will agonise over an anticipated change in Fed policy for another week until the meeting. Dow down 19. (Accessible only for subscribers before 10:15 AEST)

The polls have swung on the highlands and Wall Street has decided Apple’s new products are winners. Dow up 54. (Accessible only for subscribers before 10:15 AEST)