Commodity markets are likely to see a quiet end to the short trading week as investors wait for cues from the weekend’s fiscal cliff talks for direction cues. Talking Points Commodities to See
MARKET CLOSE (4.30pm AEDT) The Australian sharemarket continued on its strong run, rising for the third straight session and for the 12th time in 14 trading days.
Fortescue Metals Group (ASX: FMG) reactivated its plan to boost its production target of iron ore to 155 million tonnes a year due to improved prices of the commodity in global markets.