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Preview of the week ahead says the RBA is on hold and Chinese iron ore inventories at 46 ports reached 132.5 million tonnes. Global markets begin the second quarter with political uncertainty.
Brent crude was about $52.83 per barrel and gold about $1,249 an ounce.
High Chinese iron ore stocks point to softer steel demand, a sign of slower Chinese industrial activity. This can weigh on commodity-linked currencies, with limited direct effect on feed.
abc.net.auApr 2, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
