It’s taken a while, but finally Wall Street has found enough reason to stage a decent pullback. Dow down 200. (Accessible only for subscribers before 10:15 AEDT)
Beijing lowered its GDP growth target to 7.5% from the long held 8% last night prompting a bit of a scare on markets. Dow down 14. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with analysis of geopolitical risk and supply and demand issues in various markets and revisions to price forecasts.
Weekly update on recommendation, target price, and earnings forecast changes.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Apparently erroneous reports of a pipeline explosion in Saudi Arabia sent oil soaring, mostly killing off Wall Street’s latest attempt to rally. Dow up 23. (Accessible only for subscribers before 10:15 AEDT)
An unusually large sell order in US bonds had markets in a tail spin last night with a flow-through to gold and currencies.
Bernanke’s scheduled testimony to Congress was relatively upbeat last night, and there was no mention of QE3. The Dow thus retreated 53 and gold plunged nearly US$100. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with global and Chinese metal demand’s importance for prices, the earnings impact of a stronger AUD and NAB’s revised commodity expectations.
Hardly convincing, but the cheer went up when the Dow managed to close at 13,005 on a 23 point gain. (Accessible only for subscribers before 10:15 AEDT)