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Press and Media Mentions
Australia shares post second weekly drop as iron ore miners hit multi-month lows
Featured On: Market Screener
"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: 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...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...ASX Close: Brutal mining sell-off seals losing week
Featured On: The market herald
"The iron ore price has declined by over 50% since its all-time high in May 2021 amid China’s plans to scale down its steel production," Kalkine Group CEO Kunal Sawhney said. "The recent weakness in iron ore price emerged after China recorded a drop in its steel production in August.
Read Original Article...ASX Update: Mining smash-up wipes most of week’s gains`
Featured On: The market herald
"The Wall Street indices swung between gains and losses on Thursday as investors analysed how the latest batch of economic data will influence the Fed’s timeline of tapering bond purchases," Kalkine Group CEO Kunal Sawhney said. "The S&P 500 and Dow Jones indices fell following an unexpected surge in retail sales in August, which sparked concerns of earlier-than-expected withdrawal of monetary stimulus."
Read Original Article...ASX Update: Banks and miners weigh as win run stalls
Featured On: The market herald
"It seems the uncertainty over a potential rise in corporate taxes overshadowed easing inflation concerns," Kalkine Group CEO Kunal Sawhney said.
Read Original Article...