March 20, 2017

Australian Markets Weekly: 20 March 2017

From its peak in July 2011 to a trough some 4½ years later at the start of 2016, the RBA commodity price index fell by more than half (-57%) in SDR terms (or -45% in AUD terms).

Up and about: feeling the mining tailwind

  • Mining industry staging a rebound with Mining “tailwind” more than just a statistical fact
  • Focus remains on containing costs, but signs of increased “catch-up” spending in the resources sector appearing
  • Commodity prices remain persistently high, for now at least
  • Week ahead: RBA Minutes, light for local data; nine Fed speakers

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