The yuan has hit another new low today as the Chinese appear to to want to get their devaluation done before Trump’s inauguration:
Dalian coking coal futures are soft and iron ore is still limit down but I think it’s from yesterday:
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Big Iron down sharply with BHP -2.4%, RIO -2.6% and FMG – 3.2%. WHC is flat after being down 7% earlier:
Big Gas is riding the OPEC thermal with WPL 3%, OSH 4.3%, ORG 2.2% and STO 2%:
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Big Gold is bouncing too with NCM 3.2%, RRL 4.2%, IGO flat, SBM 5.5% and EVN 3.5%:
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Big Debt is up 1%:
Big Spruik is still sagging with REA -3%, reviled FXJ -1%, MEA flat and MGR -1%:
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