Business
Credit Suisse bets on miners, China – The Australian Financial Review
Credit Suisse says stocks look attractive in a low yield world, and it’s overweight banks and miners.
Iron ore has spiked over the past week after Brazilian producer Vale lowered its production guidance, with the hit to global supply coming at a time when Chinese steel mill demand has been high as Beijing invests in infrastructure as part of its pandemic recovery plan.
While the price boom has been a boon for BHP, Rio Tinto and Fortescue Metals Group, Mr McAuley did offer a note of caution about the elevated trade tensions between Australia and China.
“China, of course, is helping the big miners….
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