Japan

Some educated perspective on the threat of a Japanese uranium disaster.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

The spot uranium price has fallen 10% and that won’t be the end of it, analysts assume.

A brief look at important company events and economic data releases next week.

The newsflow slowed to a trickle last night regarding the nuclear threat, so Wall Street concentrated on other matters and became more bold. Dow up 161.

The rate of stock rating upgrades from Australian brokers picked up to a frenetic pace this morning. Clearly analysts are looking at value beyond the disaster.

Everyone’s suddenly an expert, and conflicting information had Wall Street on an hour by hour rollercoaster last night. Dow down 225.

Nuclear uncertainty led to a wide-scale exodus from commodity positions last night while the Dow opened down 300 points before finding fundamental buying. At the close it was down 137.

Last week saw the uranium spot price rally as US DOE selling was met with strong demand. But this week will be a different story.

As the world takes stock of the tragedy in Japan, attention turns to which stocks and commodities will be impacted either negatively or positively. Dow down 51.