Australian banks Australian LNG Australian Shares Commodities Iron ore price

Bear market rally stalls as Dalian hits skids

Tuesday, 15 March 2016

Big iron is fading today as Dalian hits the skids down three points from the overnight low. BHP is down -1.3%, RIO -1.2% but FMG is up 1%:

LNG is also down with WPL -2% and still looking really weak to my mind, OSH is -2.3%, ORG -1.2%, STO -1.5% and LNG -1.5%:

Banks are also in the firing line with CBA down -0.7%, WBC -0.5%, NAB -0.8%, ANZ -0.3%, BOQ -0.5%, SUN -0.2% and BEN -1%:

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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.