Things sure ain’t what they used to be for big iron. China undertakes its largest monetary easing in seven years and BHP and RIO don’t move. The former rocket in FMG has barely managed a couple of percent rise. Not so very long ago it would have been party with your ears pinned back. To the indexes:
The idiocy spreads are closing but not especially quickly:
In the junior cemetery, today’s zombie is ARI with its Q3 production update showing deep losses on the quarter. But it’s still sitting at record lows not through them:
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