Fuel price hikes bode well for suppliers, bad for transport

Commodity price rise should give the local market a lift this morning but transport related stocks could come under pressure.

V is for volatility. And while higher commodity prices and some settling on Wall Street overnight should provide the basis for a partial recovery of yesterday’s heavy falls, investors will be in for a bumpy ride over the next few weeks (see Carr's Call: Four danger signals for domestic investors).

Bricks and oil are likely to dominate trading today. Building approvals for May are likely to show a decline of around 1%, or a 0.1% drop on an annualised basis.

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