The shadow of Cyprus and some mixed US economic data could not stop a return to strength on Wall Street. Dow up 111. (Accessible only for subscribers before 10:15 AEDST)
Is Cyprus a template for other bail-outs? Maybe yes, maybe no, maybe European politicians have stuffed it up again. Dow down 64. (Accessible only for subscribers before 10:15 AEDST)
Analysts at Forex.com predict that the US dollar will put on a strong show this quarter now that the US recovery is seen to be gaining some traction.
The US dollar rallies and metal prices fall, usually. Brokers look at rising copper production and portend an oversupply in iron ore.
Weak European data and the oversized shadow cast by Cyprus outweighed strong US and Chinese data last night. Dow down 90. (Accessible only for subscribers before 10:15 AEDST)
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. JP Morgan has upgraded gold miner Perseus to Overweight, joining a majority of brokers feeling positive about resolution to crusher problems which have knocked down the share price.
Jonathan Barratt of Barratt’s Bulletin suggests gold’s resilience suggests a bullish stance although silver’s tardiness may provide for outperformance.
Wall Street shrugged off Cyprus and took heart in an unchanged Fed. Dow up 55. (Accessible only for subscribers before 10:15 AEDST)
A rejection of the bail-out package by the Cypriote parliament has sent the Eurozone ministers back to the drawing board. Dow up 3 points. (Accessible only for subscribers before 10:15 AEDST)
The mounting opinion is that the eurozone ministers will back down on the extremes of their bail-out package for Cyprus. Dow down 62. (Accessible only for subscribers before 10:15 AEDST)