Soggy outlook for coal prices, iron ore subdued and copper struggles. Meanwhile, there’s a chance the central bank agreement on gold sales will come to an end.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street appears set to end the March quarter about where it started. Dow down 4. (Accessible only for subscribers before 10:15 AEDST)
Beadell Resources has revised its mine plan to take account of the wet season, suspending production at Duckhead.
Morgan Stanley believes BHP’s valuation premium is jusfified, Merrills upgrades gold forecasts and UBS mulls China’s bauxite supply.
Positive data was overridden by Russia worries and bond buying as Wall Street continues to struggle for direction. Dow down 98. (Accessible only for subscribers before 10:15 AEDST)
It was another volatile session on Wall Street last night, this time finishing to the upside. Dow up 91. (Accessible only for subscribers before 10:15 AEDST)
Data will be the key as Wall Street consolidates in the wake of Yellen’s interest rate scare. (Accessible only for subscribers before 10:15 AEDST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street has decided that if interest rates do rise soon, so be it. Dow up 108. (Accessible only for subscribers before 10:15 AEDST)