Is the US economy improving or not? Wall Street cannot decide. Dow down 137. (Accessible only for subscribers before 10:15 AEST)
Nickel pricing strength is growing, bulks are feeling the supply glut and gold is holding a range.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Ongoing strength in US bonds and last night’s weak eurozone GDP has accelerated the flight to safety as global growth forecasts are questioned. Dow down 167. (Accessible only for subscribers before 10:15 AEST)
US bond yields fell sharply last night despite US wholesale inflation showing a surprise gain. The world remains confused. Dow down 101. (Accessible only for subscribers before 10:15 AEST)
The ASX 200 is back at 5500, the budget held no great surprises, and Wall Street paused last night at its highs. Dow up 19. (Accessible only for subscribers before 10:15 AEST)
Time to become overweight in miners? Do commodity prices matter more than volume to Australia’s economy? Gold remains subdued while nickel adjusts to Indonesian bans.
Sharp rebounds in the Nasdaq and Russell 2000 turned potential pullback into a new S&P high last night. Dow up 112. (Accessible only for subscribers before 10:15 AEST)
Is the sun setting on the iron ore boom? Bell Potter ponders what a three-way merger might mean in the base metals sector. DJ Carmichael asks why some gold stocks are not performing.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.