It’s risk off today for big iron and gas after yesterday’s up beat reaction to what was clearly bad Chinese data. Northern Hemisphere markets saw the impact on commodities and rather sensibly sold. BHP is down -2.4%, RIO is down 1.9% and FMG is down -0.5% as investor hopes persist following the recent golden quarter for the doomed miner:
Big gas is also burning with WPL down -3.5%, OSH down -1.9% as it again rebuffs the takeover bid, STO is down 3.9% and ORG appears set to break down as it sits on its ex-rights issue price down -2.4%:
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