Alcoa’s after-the-bell result beat expectations and that’s all that matters. Wall Street went nowhere all session as it waited. Dow up 18.
Gold should see more weakness in the short term, but a bottom is looming, predict chartists at Barclays.
Macquarie believes the market is missing the point as it upgrades Westpac and revisits its conviction calls. RBC updates its resource sector preferences. Morgan Stanley looks at small caps.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A glance through the latest expert views and predictions about commodities with updates on the corporate attractiveness of Oz nickel producers, signs gold is finding support and an update from BHP’s CEO.
Popular economist Cliff Bennett calls the bottom while RBS expects solid returns from here. But Morgan Stanley’s bank analysts remain wet blankets.
Lower jobless claims helped Wall Street build on Wednesday’s surge as risk appetite continues to return. Dow up 120.
A 274 point rally in the Dow may be welcome but not very convincing in many a view.
While corporate earnings in Australia and globally are likely to be revised lower in coming months there still appears to be value in equities at current levels.
Analysts compare the impact of the new MRRT and PRRT tax proposals to the previous RSPT proposal.