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Australia shares post second weekly drop as iron ore miners hit multi-month lows
Featured On: nasdaq
"At a time when the Chinese provinces are looking forward to reducing steel output targets to curtail emissions, any further weakness in the iron ore price may not emerge as a surprise," said Kunal Sawhney, chief executive officer of Kalkine group.
Read Original Article...Australia shares post second weekly drop as iron ore miners hit multi-month lows
Featured On: NASDAQ
"At a time when the Chinese provinces are looking forward to reducing steel output targets to curtail emissions, any further weakness in the iron ore price may not emerge as a surprise," said Kunal Sawhney, chief executive officer of Kalkine group.
Read Original Article...Australia shares post second weekly drop as iron ore miners hit multi-month lows
Featured On: Economic times
Australian shares ended lower on Friday in a second straight weekly drop, dragged down by iron ore miners hitting multi-month lows and surging coronavirus cases across parts of the country raising concerns over a delay in economic recovery.
Read Original Article...As it happened: Market declines for second week with ASX down 0.8%
Chief executive of equities research firm Kalkine, Kunal Sawhney, said it appeared the market was still digesting the impacts of lockdowns on the labour market. Read Original Article...As it happened: Market declines for second week with ASX down 0.8%
Featured On: Reuters
"At a time when the Chinese provinces are looking forward to reducing steel output targets to curtail emissions, any further weakness in the iron ore price may not emerge as a surprise,” said Kunal Sawhney, chief executive officer of Kalkine group. “Moreover, tightening stimulus measures and Evergrande’s risk of default may prompt a slowdown in China’s property activity, putting some pressure on the iron ore price.”
Read Original Article...As it happened: Market declines for second week with ASX down 0.8%
Featured On: The Sydney Morning Herald
Chief executive of equities research firm Kalkine, Kunal Sawhney, said it appeared the market was still digesting the impacts of lockdowns on the labour market.
Read Original Article...