Iron ore rallied slightly during the week. But this is a bear market. Expect resistance at $60 to hold and breach of support at $50 is likely, signaling another decline. 77 more words
Tags » Australia & NZ
In stark contrast to the buoyant recent ABS jobs numbers, the Westpac Leading Index slowed:
From Matthew Hassan at Westpac:
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The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, eased from 1.01% in April to 0.62% in May.