The Baltimore bridge disaster has opened a brief opportunity for Australian coal exporters to fill a big gap in Indian coal imports — especially coal needed by brick makers in the world’s most populous nation. The US Energy Information Administration (EIA) says around 14 million tonnes of thermal coal was sent to Indian buyers in […]
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MSCI’s index of world stocks rose 7.7% in the three months to March as increasing optimism about US economy offset worries about slower interest rate cuts — overlain by a frenetic FOMO about AI. MSCI data showed it was the strongest opening quarter for a year for five years and gives markets a kick start
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A shortened trading week in Europe, Australia and parts of Asia, but that won’t change the emphasis at the start of a new month and quarter on US jobs data for March. There’s also the usual start of month surveys of manufacturing and services activity across leading economies, as well as data on house prices,
December 31 annual reports flooded out of Chinese companies last week, with weak results and red ink dominating the stricken property sector, amid more signs that the government bailout is well underway. The results are no wonder, given the slide in property through 2023 (though there were a couple of smaller government-supported developers who reported
Red ink from China property Read More »
Gold futures closed at the second record high in as many days on Thursday ahead of the Easter break. Buying momentum continues even as the dollar and treasury yields rose ahead of what turned out to be almost OK inflation figures released on Good Friday. Gold for June delivery closed up US$25.70 to settle at
