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Thursday, 18 October 2018

Hello Budget surplus?


The 62% Fe Fines iron ore spot price is now strapping on the booster rockets, being up by some 16 per cent since early July.

At US$73.36/tonne the spot price for iron ore is at the highest level since March 7, with the Aussie dollar also nestling lower. 

Dalian futures strong. 


The Aussie jobs report for September is due out at 11.30am Canberra time. 

Debelle argued yesterday that the job advertisements figures may understate the strength of job openings, and more weight might be attributed to vacancy surveys.

The outgoing rotation group this month has a lower employment-to-population ratio than the average for the sample as a whole. 

Therefore despite the massive 44,000 jump in employment last month, there may be some upside risk to today's report.