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28 Nov 2018

Iron-ore seen between $ 60-70/ t range – Goldman Sachs

Analysts at the US investment banking giant, Goldman Sachs, offer their view on iron-ore prices, given the recent slump.

Iron-ore futures on Dalian were sold-off into growing fears about an economic slowdown in China and the impact of a trade war between the world's two largest economies. Meanwhile, Shanghai rebar entered a bear market – down more than 20% from seven-year highs hit in August.

Key Highlights:

The correction (ie the price drop) is nearly done.

Attributes some of the price drop to a correction after an overshoot topside.

Outlook is for 60-70 / t range.

Nov 28, 2018

UK Treasury analysis finds UK will be £150bn worse off under no-deal Brexit – The Telegraph

The (Telegraph is out with some leaks on what to expect from the UK Treasury's Brexit forecasts that will be released on Wednesday morning (UK Time).
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Nov 28, 2018

China's Vice Premier Liu: No country can win a trade war

Reuters reports the recent comments delivered by China’s Vice Premier Liu He on protectionism at an economic conference held in Hamburg on Tuesday. K
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