Big iron and gas price update

On the back of BHP’s writedown of US shale oil interest, which was mainly priced in to the market with the London listing lifting 6% overnight on the news, alongside a short covering rally in risk, big iron ore lifted straight into the open, but has come back a bit before the lunchbreak. BHP, Rio Tinto and Fortescue are up ca. 3%, 2.4% and 2.3% respectively:

After yesterdays creaming, and on the back of a 2% surge in oil prices overnight, the energy majors are doing well with Woodside (WPL) up 1.3%, Oilsearch (OSH) +1.6%, Santos (STO) +1%, Origin (ORG) +1.7%