Big iron is enjoying some relief today having sold heavily yesterday as BHP lifts 0.7%, RIO 0.9% and FMG 2.3%:
Dalian is off -1.5% at the open.
Big gas is also up as oil bounced after a US inventory draw this morning. WPL is 1.7%, OSH 4.2%, STO 3.8%, ORG 2.4%:
Advertisement
Doesn’t make much sense to me but hey!
Banks, meanwhile, are under more pressure with CBA -0.4%, WBC -1.8%, NAB and ANZ flat, BOQ -0.5%, SUN 0.7%, BEN -0.7% and MQG -1%:
Lot’s of support levels in jeopardy there…
Advertisement