Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Big Dirt hits ASX

David Llewellyn-Smith

Monday, 24 October 2016

Dalian is flat at the open and Big Iron is soft with BHP -0.6%, RIO 0.6% and FMG -0.8%

Big Gas is also off with WPL -0.7%, OSH -1.3%, ORG -0.4% and STO -3%:

Big Gold is still holding up well given the USD assault with NCM -1.2%, RRL -1.2%, IGO -2.1%, SBM -04% and EVN -1.8%:

Banks are soft with NAB especially so markets anticipate divi cuts:

Pretty boring today!

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.