Australian banks Australian LNG Australian Shares Commodities Iron ore price

Big iron limit up!

Thursday, 21 April 2016

Big iron continues to rampage with Dalian limit up again and shares following suit. BHP is 4%, RIO 3%, FMG 4.3%:

Big gas is tearing it up too with WPL suddenly everyone’s favourite up 5.1%, OSH 0.4%, ORG 5.6%, STO 8.9% and LNG 6.2%. Theses stocks have now fully discounted $70 oil…

Banks have caught a little fever today too with CBA 1.2%, WBC 1.7%, NAB 1%, ANZ 1.7%, BOQ 2.8%, SUN 1.3%, BEN 1.2% and MQG 07%:

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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.