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….
-
Noosa News18 hours agoNRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership
-
General17 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
Noosa News9 hours agoNew playground equipment encourages children to learn through ‘risky play’
-
General6 hours agoThree youths in police custody after fire at Ashley Youth Detention Centre in northern Tasmania