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Market wraps 22nd March 2024

Weekly Wrap 22 March

The iron ore industry has hit some turbulence. Prices have taken a nosedive this year, partly due to a slowdown in China – a big buyer of iron ore. This has influenced the Australian stock market, with mining giants like BHP and Rio Tinto feeling the heat. The US dollar and interest rates are also adding pressure. Discover what this all means for investors in this week’s Weekly Wrap video.

In this week’s wrap, Sophia covers:

  • (0:11): why it may be worth keeping watch of iron ore stocks
  • (0:35): Australian miners sell-off – BHP, Rio Tinto, and Fortescue
  • (1:37): China’s economic slowdown and stimulus efforts
  • (2:25): the impact of interest rates and the US dollar on ore prices
  • (4:14): the most traded stocks & ETFs by Bell Direct clients
  • (4:46): economic data to watch next week.

Read the transcript here