Australian banks Australian LNG Australian Shares Commodities Iron ore price

Banks bashed as miners rally

Tuesday, 16 February 2016

The dead cat bounce continues for some today but not the banks. CBA is trading ex-dividend at -3.2%, WBC -0.4, NAB -0.4%, ANZ -0.2% and the juniors are flat after the recent pounding:

Big iron is cheering its short term gains with BHP up 2.3%, RIO 2.1% and FMG 7%:

Dalian is flat at 340.

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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.