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Big gas pounded on Doha

David Llewellyn-Smith
Monday, 18 April 2016
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Big gas is taking it in the team today following the Doha dud with WPL -1.4%, OSH -4%, STO -6%, ORG -5% and LNG -1%:

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I imagine the market will now follow every tick is every OPEC oil minster’s face henceforth so volatility is going to be the name of the game. Big iron is also down with BHP -2.7%, RIO -0.8% but FMG is 1.3% to the good:

tvc_30bfc42b4b8f40de3038f8e3025374d7 Banks are soft too with CBA -0.5%, WBC -1.3%, NAB -0.3%, ANZ -0.8%, BOQ 1.1%, SUN -0.5%, BEN -0.6% and MQG -1.5%:

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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.