Weekly update on recommendation, target price, and earnings forecast changes.
Slowing global growth and uncertainty lead brokers to mostly cut commodity price forecasts, with growth revisions also impacting on other sectors.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Despite the recent price correction, analysts have either maintained or even increased some pretty elevated gold price forecasts for 2012.
The ECB announced various measures to support European bank recapitalisation last night while positive US data added to more euphoria. Dow up 183.
Russell Investments’ quarterly survey of fund managers shows defensive assets are still preferred, while rate cuts are considered the most likely catalyst for domestic non-mining growth.
A glance through the latest expert views and predictions about commodities with evidence the Australian resources sector is losing global relevance and more adjustments to commodity price expectations.
Given junior resource companies are the present owners of the world’s future commodities supply and offer leverage to investors Ahead of the Herd suggests they should be on investor radar screens.
European markets responded well to bank recapitalisation talks while Wall Street kicked on. Dow up 131.
The Pan-Asia Gold Exchange will allow Chinese citizens to buy gold futures for the first time come June next year. A whole new cohort of speculators.