Australian banks Australian LNG Australian Shares Commodities Iron ore price

Big iron takes profits

Friday, 15 April 2016

Good Chinese data has done nothing for the share market today as big iron is determined to sell with BHP flat, RIO -1.8% and FMG -4.4% with Dalian holding onto last night’s losses:

Big gas is likewise soft with WPL 2.5%, OAS -1.2%, )RG flat, STO -1.1% and LNG -3%:

Banks are directionless with all four majors basically flat, BOQ 1.4%, SUN 0.7%, BEN 3.2% and MQG -0.4%:

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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.