I have seen a few advisers recommending BHP to clients but there are no signs that the commodity free-fall is ending.
Bullish divergence on 13-week Twiggs Money Flow reflects medium-term buying pressure. 32 more words
(9 February 2016, AFR, p31, by Robert Wright)
‘Record low prices for transporting coal, iron ore and other dry bulk commodities by sea have pushed shipping companies into severe financial distress. 51 more words
Company will seek to cut debt by as much as $10.2 billion
Commodities producer and trader to suspend dividend payments
Glencore Plc, the commodity producer and trader, plans to sell assets and shares to cut its $30 billion net debt by about a third following the rout in global markets. 244 more words
(11 Feb 2015, AFR, p29, Max Mason)
‘The costs of shipping bulk commodities have fallen to a near three-decade low, raising concerns about global economic growth. 55 more words
Crude oil prices are falling. Nymex Light Crude is testing primary support at $92/barrel and Brent Crude at $99/barrel. Breach of support would signal a down-trend. 80 more words
The underperformance of Canadian equities versus their U.S. counterparts may be coming to an end.
With investor sentiment towards U.S. stocks suggesting excessive optimism and recent comments from the Fed and ECB signaling a less dovish near-term stance, David Doyle of Macquarie Capital Markets thinks global equities may be entering a consolidation phase. 388 more words
Bulk commodities including iron ore and coal withstood last week’s rout in silver, oil and other exchange-traded raw materials.
The resilience of bulk commodities shows that the global economic recovery remains on track, according to analysts at Macquarie Group.