BHP, RIO & FMG share prices firm with futures

David Llewellyn-Smith

Friday, 12 June 2015

Modest falls today for big iron under 1% for the majors and flat for FMG. To the indexes:

Idiocy spreads continue to close:

And juniors to go nowhere:

Equities were very sticky on the way down and now very sticky on the way up. Dalian is still simmering, up a couple of points from this morning at 439.5. The restock continues.

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.