Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Bremain rally continues

Thursday, 23 June 2016

Bremain continues to be priced with shares broadly up. BHP is 1.3%, RIO 1.8% and the FMG bubble is inflating nicely 5.7% despite Dalian retracing its overnight gains:

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Big gas is mostly firm too as fears ease with WPL 0.7%, OSH -0.3%, ORG -1.45% and STO 0.7%:

Gold miners are rebounding though I suspect they’ve more pullback ahead post-Bremain with NCM 2%, RRL 3.2%, IGO 1.5%, EVN 1.7% and SBM 1.4%:

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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.