King Coal Bounces Back

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Starting Monday, listed coal stocks in most global regions rallied powerfully, leading the global resources sector upwards.

Starting Monday, listed coal stocks in most global regions rallied powerfully, leading the global resources sector upwards.

Led by US coal giants listed coal stocks staged a powerfully rally on Monday, which spread into brisk Australian trade on Tuesday. The rally was largely ignored in the Asian region, however, where some of the world's biggest coal miners are found, but was picked up again in South Africa...

The rally was inspired, of course, by cheerful news that global credit markets had a good chance of being freed up, triggering an 11% rise on Monday for the Dow Jones Industrial Average...

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