Brace for a bumpy few days after the recent renaissance in iron ore. Let's hope no stray Russian missiles hit the Aust market.
Overnight in the US we saw another signal that inflation is cooling a bit with the US producer price index rising 0.2% against a consensus view of 0.4%.
Still a rise, albeit a significantly smaller than expected.
Additionally official dialogue between China and Aust is back on. Well done to both Albo and Xi for coming together. This is great news. China and Aust are great business partners and has a wonderful opportunity to benefit from a strong relationship as we have done so for the last 20 yrs.
The DCE is up 1%.
GLTAH
Iron ore price, page-48187
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