It’s hope time today on the ASX after yesterday’s shellacking as Dalian falls another -3% but big iron hangs on. BHP is the exception -2.2 on Samarco but RIO is 0.7% and FMG flat:
Big gas is also up as oil rebounded a little this morning with WPL 0.6%, OSH 0.3%, ORG 3%, STO 1.3% and LNG 1.3%:
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Big banks are trying to look strong on NAB’s result but mostly failing with CBA flat, WBC 0.4%, NAB 2.8%, ANZ 1.3%, BOQ 05%, SUN -0.3%, BEN -0.5%, MQG 1.8%:
All feels pretty nervous.
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