Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Big Iron, Gas and Gold struggle on

David Llewellyn-Smith

Wednesday, 21 September 2016

Not much fun for equities today. Big Iron is plodding on as Dalian softens again with BHP 0.6%, RIO 0.6% and FMG -1%:

tvc_0c887f18a9b7998e80133b68563fe41c (1)

Big Gas has caught a little bid as oil firms on the US inventory data with WPL flat, OSH 0.8%, ORG 1.3% and STO 0.9%:

Big Gold is also becalmed with NCM 0.7%, RRL 0.8%, SBM 2%, IGO 0.2% and EVN 0.8%:

Big Debt is marginally positive with CBA and WBC flat, NAB 0.3% and ANZ 0.8%

Holding pattern.

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.