FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. The current unwind of the US dollar commodity carry trade leads UBS to reverse its year-long bearishness on commodities and mining stocks.
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.
Concerns over Chinese financial integrity and a weak trade balance added to a poorly received result from JP Morgan last night. But Wall Street remained resilient. Dow down 40.
A glance through the latest expert views and predictions about commodities with increases to nickel price forecasts but cuts to oil estimates and a review of Australian gold plays and global peers.
The EFSF is now officially a reality but Wall Street bounced off the top of its range last night. Dow up 102.
It was a quiet session on Wall Street ahead of results from Alcoa and Slovakia. Dow down 16.
FOREX.com does not believe this month’s rally is sustainable, predicting USD strength and commodity and equity market weakness into year-end.
Merkozy’s unqualified declaration of a plan to save Europe was well received offshore last night. Dow up 330.
Using factors such as the level of linkage to economic cyles and emerging market demand, Barclays has ranked the vulnerability of various commodities assuming a global recession.