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PIG TODAY-AUD: Miners fall off a cliff

Steep losses in mining stocks following a collapse in the iron ore price weigh on the sharemarket, putting it on track for its first loss in five session, while the Aussie dollar is boosted by a surprise surge in new jobs.

  • (Incredible) strength in the jobs market, as the economy creates 60.9k new (full-time) jobs in March
  • The RBA is more concerned about the surge in household debt and a rise in interest only loans
  • The Aussie dollar jumps back above US75c, after Donald Trump jawbones the US dollar
  • The iron ore price collapse continues, falling below $US70 a tonne as buyers take cover
  • Fortescue iron ore shipments drop 6 per cent in last quarter, due to heavy rainfall and port closures
  • Source: smh.com.au

    Steep losses in mining stocks following a collapse in the iron ore price weigh on the sharemarket, putting it on track for its first loss in five session, while the Aussie dollar is boosted by a surprise surge in new jobs.

  • (Incredible) strength in the jobs market, as the economy creates 60.9k new (full-time) jobs in March
  • The RBA is more concerned about the surge in household debt and a rise in interest only loans
  • The Aussie dollar jumps back above US75c, after Donald Trump jawbones the US dollar
  • The iron ore price collapse continues, falling below $US70 a tonne as buyers take cover
  • Fortescue iron ore shipments drop 6 per cent in last quarter, due to heavy rainfall and port closures
  • Source: smh.com.au

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