Australian banks Australian LNG Australian Shares Iron ore price

BTFD day!

Monday, 29 February 2016

It’s BTFD day, whatever it is! Banks are up with CBA edging away from its chart cliff 0.7%, WBC 2.1%, NAB 1%, ANZ 0.8%, BOQ 0.5%, SUN 2%, BEN 1% as the Tepper panic eases:

Big iron is up with BHP 0.7%, RIO 1.3%, FMG 1.5%. Dalian is flat:

Big gas is up with WPL the odd man out -0.3% and still looking to de-rate, ORG is trending from its lows 1.9%, STO 1.3%, OSH 0.3% and LNG 5.5%:

With the G20 fizzer outta the way we turn to central banks that are already broken to save the day!

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.