Australian banks Australian LNG Australian Shares Commodities Iron ore price

Shares sell as commodity uncertainty returns

Friday 11 March 2016

Big iron ore down again today with BHP hit -1.2%, RIO -0.3% and FMG -2.2%. Dalian is up a little from overnight selling but still down on the day and still well below spot anyway. Chinese growth internals are tomorrow so that’s probably adding some caution:

LNG is also soft with WPL down -1%, OSH -2.5%, ORG -1.8%, STO -0.8% and LNG flat:

Banks are also giving back with CBA off -0.7%, WBC -0.4%, NAB -3%, ANZ -1.4%, BOQ -0.3%, SUN -0.6% and BEN 1.25%:

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.