Iron ore prices continue to rise, with 58% fines leading the way as the Chinese economy continues to maintain its strength, despite the threat of more tariffs.
Shares in eternal favourite BHP Group Limited [ASX:BHP] have fallen gradually after today’s market open, and are currently sitting at $38.36 a share, down 0.34%.
The latest news out of the company is its quarterly activities report which reveals the extent of the disruption caused by Cyclone Veronica. We will look at the outlook for its share price.
At time of writing, there have been broad-based gains for blue chip stocks and the ASX 200 is up 39.2 points.
Iron ore spot prices are up again, close to a multi-year record on weather disruptions in China and Australia. The share prices of Fortescue Metals Group Ltd and Rio Tinto Ltd could benefit.
The major iron ore miners have had a good day today. The gains can be attributed to two events in two countries - China and Brazil.
At time of writing, shares in Leigh Creek Energy Ltd [ASX:LCK] stand at 36 cents a share, down 12.2% since its surge yesterday. The latest news comes after a change in the classification of its Syngas plant in…
This morning, the ASX market wiped as much as $22 billion off of its value, as nervous traders shied away from global market slumps. Currently, the S&P/ASX200 index is down 1.21% or 74.9 points to 6120.30.
While some outlets are leading with the headline that poor European PMI data drove the sell-off, I believe the bigger story behind the sell-off is the bond yield curve.
Iron ore prices are up again as fresh news of further Brazilian production cuts filter through the market. Picking the overall trend here is tricky as each bit of news out of Brazil has shifted the market, despite the various factors internal to China.