Wall-to-wall dirt carnage today for no obvious reason. Could be China nerves with data season upon us. Big Iron is leading the way with BHP -2%, RIO -1.4% and FMG -2.2%:
Dalian has opened a little higher…
Big Gas is puking it too even though oil jumped this morning on US inventories with WPL -1.7%, OSH -1.4%, STO -0.8% and ORG -1%:
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Big Gold is also off yesterday’s red hot action with RRL -2.5%, NCM -1.4%, IGO -3.6%, SBM -3.5% and EVN -1.4%:
US JOLTS (job openings) popped last night so perhaps there are some renewed Fed nerves here.
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Banks are off too with CBA -1.3%, WBC -2%, ANZ -1.8% and NAB -0.9%:
I know Phil Lowe sounded a bit hawkish but not that much!
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