eddievanhalen, as you know BIL was off 2.5% on ASX Monday. In London the stock got shaved by 6.5%.
Interesting times ahead. Perhaps the instos are playing around with the stockprice before the briefing.
The last 5 trades in London were all "A Automatic Trade". Computer program generated, I guess.
http://www.londonstockexchange.com/invrel/company.asp?sedol=3061673
This is from Merrill Lynch's morning notes for Tuesday 18 June:
Given the Australian economy is expected to under perform both US and Euroland growth in 2003, we recommend overweighting global cyclicals, many of which have under-performed in recent months. For global economic exposure we recommend BHP, Brambles, MIM and Rio Tinto. However, conscious that global market risk aversion is high (the US bond yield is at a 3mth low), we would caution being too aggressive.
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