Eyes on Iron Ore
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The Australian stock market has received a boost from higher commodity prices with a focus on the rebound in iron ore. The materials and energy sectors are driving the market higher towards the key 6000 resistance as it bubbled up to within 20 points of the mark just after midday.
The outstanding performer today has been Fortescue Metals as it is up over 30 percent in the last three trading days. Since news of US take-up of its Senior Secured Notes last Thursday, the company’s share price has jumped convincingly higher out of its recent trading range, bolstered by the 15% rise in iron ore prices in the last week. The eruption in price action is possibly short covering given the ASIC report that shows FMG is the most short-sold stock in the market at the moment.
Tonight, we have Apple reporting after the closing bell and if their performance is as solid as its peers, it could send the NASDAQ once again into new record territory. Other key events for the rest of the week include retail sales and inflation numbers out of Germany on Wednesday. Towards the end the week, there are PMI numbers out of China and the US on Friday with both numbers expected to show expansion.
For further comment from CMC Markets please call 02 8221 2124.
Call 1300 880 160
Start a chat
Schedule a call
