NewsBite

Falling iron price lures investors from traditional market darlings

There is a range of trends grabbing investors’ attentions that have not been seen for some time. The big banks and miners have long been market darlings, but the falling iron ore price and dollar, as well as speculation the regulators will act to curb the boom in property markets, has prompted a substantial correction in these stocks. Volatility in equities markets, and in the dollar, has also risen sharply. Given this background, it’s likely to be a very interesting run up to Christmas in financial markets.

Alexandra Cain
Updated

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

There is a range of trends grabbing investors’ attentions that has not been seen for some time. The big banks and miners have long been market darlings, but the falling iron ore price and dollar, as well as speculation the regulators will act to curb the boom in property markets, has prompted a substantial correction in these stocks.

Volatility in equities markets, and in the dollar, has also risen sharply. Given this background, it’s likely to be a very interesting run up to Christmas in financial markets. Darren Moglia, head of Westpac Online Investing says we’re at an interesting point in the market, ­following its significant decline from the highs seen at the start of September.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Latest In Equity markets

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/equity-markets/falling-iron-price-lures-investors-from-traditional-market-darlings-20141016-11cpq1