Equities in Shanghai are falling below technical support levels, weighing on sentiment for commodities.
S&P downgraded Greek debt to below investment grade last night and took Portugal’s rating down two notches. Dow down 213.
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 an update on the impact of Chinese trade data and the impact on agricultural markets of the Iceland volcanic eruption.
Wall Street managed to reverse an early plunge last night on vague EU assurances and some comfort from the President. Dow up 9. (Locked for subscribers until 10:00 AEST)
Another big sell off in Greek bonds had traders exiting the Aussie last night as the SPI Overnight headed south despite a flat close on Wall Street.
Positive earnings results including a cracker from Apple last night sent Wall Street towards its highs again. Dow up 25.
A glance through the latest expert views and predictions about commodities, with brokers seeing reasons to remain positive on nickel and gold but not aluminum.
The case against Goldmans looks weak, Wall Street decided, while the volcano is apparently now angrier. Dow up 73.
A glance through the latest expert views and predictions about commodities, with demand seen as an issue for gold but showing signs of improvement in the base metals and fertiliser sectors.