Australian banks Australian LNG Australian Shares Commodities Gold Iron ore price

Banks hit as Italy jacks risk

Monday 5 December 2016

Dalian is down for me so I can’t tell you what Banana Man is up to, but judging from Big Iron he’s buying. BHP is 0.5%, RIO 1.1%, FMG 1.5% and WHC 3% on the Citi upgrade:

Big Gas is getting hit with WPL -2.2%, OSH -2.1%, ORG -1.4% and STO 0.5%:

Big Gold is still sinking with NCM -1%, RRL -2.5%, IGO -0.9%, SBM -2.5% and EVN -0.5%, all despite the same Citi upgrade:

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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.