For the second session in a row, the Dow gave up a 150 point gain to close modestly changed, this time down 20. (Accessible only for subscribers before 10:15 AEST)
Breakdown in mineral sands discipline; support for gold; copper vulnerable to downside; nickel still loss-makiing; Oz iron ore shipments decline; steel margins expand.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Suddenly Wall Street is concerned about the rise in the yen, and the subsequent prospect of Japanese rates going even further into the negative. Dow down 174. (Accessible only for subscribers before 10:15 AEST)
A surprise fall in weekly US crude inventories sent oil higher last night and the old correlation kicked back in. Dow up 112. (Accessible only for subscribers before 10:15 AEST)
The IMF weighed into the slowing global growth story last night with an endorsement of negative interest rates, sending bond yields tumbling. Dow down 133. (Accessible only for subscribers before 10:15 AEST)
Mixed signals for copper; aluminium prices under threat; specific commodity exposure more critical for Australian resources; a steel & scrap rally.
Wall Street was relatively quiet last night as traders look ahead to the beginning of earnings season next week. Dow down 55. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street ended a very wild quarter with a whimper ahead of tonight’s jobs numbers. Dow down 31. (Accessible only for subscribers before 10:15 AEST)