BHP, RIO, FMG hold as futures fade

Monday 13 July 2015

Big iron is holding its ground today as Shanghai continues its coerced rebound. BHP and RIO are flat and FMG is down a few cents:

The idiocy spreads are all clattering wider again as equity outpaces spot to the upside:

Junior’s are still dying with ARI at another new low of 12 cents:

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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.