Australian LNG Commodities Iron ore price

Sykesnado rips into big iron and gas too

Tuesday, 9 February 2016

Not much fun on the bourse today with houses and holes both shredded by the raging Sykesnado. BHP is down -3.2%, RIO -1.1% and FMG -1.5%:

For big gas the damage is worse with WPL down -2.1%, OSH -1.9%, STO -5%, ORG -4% and LNG -4.8%:

With China closed it appears Wall St is free to fantasise about the worst and S&P500 futures are already off 0.75%…

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.