Author - Craig Foley

Markets up despite rate news: Extreme weather disrupting Chinese supply chain

09 Sep 2022 - Stocks rose Thursday after moving between gains and losses as Wall Street weighed Federal Reserve Chair Jerome Powell’s comments. In China, a record drought crippled economic activity across the southwest, freezing international supply chains for automobiles, electronics and other goods that have been routinely disrupted over the past three years.

Read more...

Coal the star performer as energy crisis worsens in Europe

06 Sep 2022 - European equity markets finished lower on Monday, but off to the worst levels. US equity futures higher with US markets closed for the Labour Day holiday today. The price of thermal coal rose to a new high recently with Newcastle futures trading above $US440 ($648) a tonne, more than doubling since the start of 2022.

Read more...