Blogotariat

Oz Blog News Commentary

Big iron melts

April 17, 2015 - 12:02 -- Admin

BHP is down marginally today as oil soars but RIO is down more solidly at 1.6% and FMG is reversing yesterday’s delight down 5%. All told markets continue to grotesquely misprice the iron ore war but I am getting the sense that RIO is under growing pressure. Perhaps after its own forthcoming good news cost-cutting

The post Big iron melts appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]