Global markets traded in a tight range overnight, with light trading given the Thanksgiving holiday meant US markets were closed.
The price of iron ore (Australia’s largest export) has been volatile this year, although it has rallied with other commodities this month despite expectations that China's renewed effort to curb pollution levels will crimp demand for the steelmaking material. Investors looking for iron ore exposure can look to major miners such as Rio Tinto and Fortescue in Australia. Once again, our preference in the mining space is BHP Billiton given its diversified resource exposure.
Stock in Focus: Ryman Healthcare (RYM:NZ)
Ryman was the best performer on the NZX yesterday as the country's biggest retirement village operator and developer boosted first-half profit 8.4% to $202.6 million. Ryman als...
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