Wednesday, March 21, 2012

90 seconds at 9 am: BHP warning (news with Bernard Hickey)

NZ$ down to 81.6 USc
Down a full US c
Aussie dollar down too
US stocks down 0.5%
BHP warning
Chinese slowdown
Steel demand
Iron ore exports
Chatter about coup
Unrest in Beijing?
Hard landing?
Soft landing?
Fonterra auction
Prices down 4.5%
4th straight drop
Biggest fall
Since July last year
Oil price down 2-3%
More Saudi supply
Commodities down 1%
US dollar stronger
US Treasury yields
10 year yield
Up 40 bps this mth


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