BHP, RIO and FMG share prices up on futures

David Llewellyn-Smith

Thursday, 11 June 2015

BHP and RIO are both up over 2% today and FMG is up 5% as the iron ore price marches on. To the indexes:

The idiocy spreads are still galloping shut:

But juniors are becalmed:

Dalian is up another 1.5 points from this morning. It’s recently lost its predictive power vis spot but it would previously have suggested another spot bounce of 2% or so tomorrow.

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.