Data has been poor in both China and at home today but it doesn’t matter much as the AUD has held the mid-0.70s as markets are now (rightly) banking on MOAR credit from China:
Bonds caught a little bid:
XJO is down moderately, not helped by Google’s after hours miss:
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Dalian is up going into Labor Day holidays. May/June is the risk:
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Big Big Iron is copping it again on the China PMIs:
Good to see Big Gas copping it too:
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Big Gold isn’t happy:
Big Banks have paused:
Big Realty is in the dog house as the preposterous DHG rally gets slaughtered:
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Overvalued, profit growthless, warnings spreading, a real dog of a bourse.