CAPITAL MARKETS

Retail figures push market down

IT was a quiet day for the resources sector as the market tracked lower on the release of worse than expected February retail figures. Both BHP Billiton and Rio Tinto dropped, despite the overnight news from Vale of a 90% increase in short-term iron ore prices.

Nick Evans

Even the overnight hike in bulk commodity price expectations by Merrill Lynch did little to stir interest in the two majors. According to Dow Jones Newswires, Merrill said overnight it expected iron ore...

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