Stocks to watch on the Australian stock exchange:
BHP – BHP BILLITON
FMG – FORTESCUE METALS GROUP
RIO – RIO TINTO
The price of iron has slipped below the $US60 mark, while Rio Tinto has abandoned a controversial decision to double its payment period for suppliers.
ORG – ORIGIN ENERGY
STO – SANTOS
WPL – WOODSIDE PETROLEUM
The oil price rally seems to have run out of steam with both WTI and Brent crude easing overnight.
WHC – WHITEHAVEN COAL after it committed to increased production despite weaker prices.