Overnight: US stocks wavered between small gains and losses, catching their breath after a strong performance in the prior session that boosted the Dow...

Bell Potter
Bell Potter Stockbroker

Overnight: US stocks wavered between small gains and losses, catching their breath after a strong performance in the prior session that boosted the Dow industrials to a record close. The Treasury market was closed, futures were near flat after Friday's selloff. Gold futures slipped and oil futures traded higher, with Brent crude rebounding from a 4month low after talks aimed at curbing Iran's nuclear program in return for eased sanctions against the oil producer stalled. The UK's FTSE 100 index moved higher. European stock markets ended higher as investors welcomed upbeat data on Chinese industrial production and focused on corporate news, with shares of Lonmin rallying after a well-received earnings report. London BHP down 0.71%. Rio down 1.50%. New York BHP down 1.36%. Rio down 1.58%. LME Base metals traded lower with copper the exception.

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