The Australian government and the miners and energy companies have reached an agreement on a new tax regime.
Wall Street staged a mid-session turnaround from its depths last night as a successful Spanish bond auction sparked short-covering and a big sell-off in gold. Dow down 41.
A glance through the latest expert views and predictions about commodities, with an assessment of how Chinese economic growth impacts on steel markets and reviews of the coal and energy sectors.
If history repeats itself, Australian equities, copper, oil and silver should all perform well in July.
Wall Street held steady all session until 3pm when a massive programmed sell order ensured a technical break-down. Dow down 96.
In the view of Barclays Capital there are factors that could be positive for the natural gas market but none are likely or enough on their own to push prices significantly higher.
A glance through the latest expert views and predictions about commodities, with Macquarie looking at the impact on Australian growth of mining sector investment, how Chinese policy changes could impact and Deutsche updating its commodity sector forecasts.
RBS evaluates stocks impacted by changing dividend rules while JP Morgan weighs up the RSPT against the PRRT and Morgan Stanley warns of lower earnings for retail banking.
FNArena has the pleasure to welcome senior resources analyst Gavin Wendt as contributor to our news and analysis service.
Low leading indicator and confidence readings in China and the US broke the dam of building disquiet last night sending risk assets tumbling. Dow down 268.