Big iron holds up as futures rebound

Friday, 8 May 2015

The Aussie dollar, bond markets and Australian shares are all thriving on poor China trade. Even big iron has held up well though BHP is being whacked on a building oil correction, down 1.5%. RIO and FMG are flat. To the indexes:

Idiocy spreads are stable:

Juniors:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.