Advertisement
New Zealand markets closed
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5943
    +0.0006 (+0.11%)
     
  • NZD/EUR

    0.5546
    +0.0000 (+0.01%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    82.98
    +0.17 (+0.21%)
     
  • GOLD

    2,328.70
    -9.70 (-0.41%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,249.01
    +47.74 (+0.28%)
     
  • NIKKEI 225

    37,626.67
    -833.41 (-2.17%)
     
  • NZD/JPY

    92.5090
    +0.3940 (+0.43%)
     

Why Commodity Stocks Surged on April 18—All You Need to Know

Why Commodity Stocks Surged on April 18—All You Need to Know

April 18, 2018, belonged to commodity stocks (COMT), some of which saw their highest one-day gains in months. Among the iron ore and diversified companies, Glencore (GLNCY) surged 7.7%, and Anglo American (AAUKY) saw price gains of 6.2%. BHP Billiton (BHP), Rio Tinto (RIO), Vale SA (VALE), and Cleveland-Cliffs (CLF) rose 3.3%, 4.0%, 4.2%, and 4.4%, respectively.