# This week in finance: RBA on hold, Chinese iron ore stockpiles at bursting point - ABC News

> 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.

- Date: 2017-04-02 · published 2017-04-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71768-this-week-in-finance-rba-on-hold-chinese-iron-ore-stockpiles-at-bursting-point
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- BRENT: neutral

## Sources

- abc.net.au: https://www.abc.net.au/news/2017-04-02/finance-preview-rba-on-hold-china-iron-ore-at-peak-levels/8399728

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.