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Dalian falls but shares rise

Monday, 16 May 2016

Dalian has lost much of its Friday evening bounce on the China data through the day but it’s still Costanza day for the ASX with BHP 0.7%, RIO 0.3% and FMG: 1.74%

Big gas is treading water with WPL -0.4%, OSH, 0.4%, ORG -0.2% and STO 1%:

Banks are still enjoying the yield trade with CBA 0.7%, WBC 1.2%, NAB 0.7%, ANZ 1.1%, BOQ 0.7%, SUN 0.7%, BEN 0.9% and MQG still pouring it on 0.4%:

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.