Australian banks Australian LNG Australian Shares Commodities Iron ore price

Big irons melts as sentiment turns

David Llewellyn-Smith

Thursday, 19 May 2016

Dalian has opened down a few points and big iron is getting pole-axed with BHP -4.25%, RIO -3.3% and FMG -5.5%:

Big gas is also being smoked with oil falling during the day with WPL -2%, OSH -2.4%, ORG -4.3% and STO -4%:

Banks are struggling too as S&P futures are down a bit with CBA and WBC flat, NAB -0.4%, ANZ 0.5%, BOQ -0.5%, SUN 1%, BEN 1.4% and MQG 1%:

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.