Congressional leaders will continue to negotiate this morning ahead of what still looks like an inevitable US shutdown. Dow down 128. (Accessible only for subscribers before 10:15 AEST)
Volatility eases in coal and iron ore, price forecasts are eased across a number of metals and production forecasts are ramped. Then there’s productivity.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Fiscal policy has now become the focus on Wall Street as politician-speak sparks volatility. Dow up 55. (Accessible only for subscribers before 10:15 AEST)
Ansteel has stepped up more funding for the Karara joint venture and brokers suspect further equity dilution is on the cards for Gindalbie.
Fortescue Metals has temporarily stepped in to manage the Christmas Creek plant. Brokers feel the impact may be more reputational than financial for Mineral Resources.
Wall Street drifted lower again last night, posting the longest losing streak in nine months. Dow down 61. (Accessible only for subscribers before 10:15 AEST)
Will Australian infrastructure spending take the place of mining? Steel production and supply. Citi changes gold, iron ore, oil and coal forecasts.
Forget tapering for now, next week requires passage of the new US fiscal year budget through Congress and a blockage is threatened. Dow down 66. (Accessible only for subscribers before 10:15 AEST)
Ramblings from various Fed presidents only served to make monetary policy even less clear last night. Dow down 49. (Accessible only for subscribers before 10:15 AEST)