It doesn't make sense when you're comparing the sentiments between an insurance company and a resource company.
There's no buy sentiment for energy or mining resources because of strong USD.
QBE is in better shape than investment banks and other banking groups in the US because of the negative balance sheets in energy and housing investments.
J Morgan reported a negative 21% in mortgage backed securities from the Fed stocks and there are reports on negative oil/gas investments in other banks/non banks just released over this weekend.
QBE is standing out to be the best investment on financial sector amid there's a real storm across CN, US and the comming threat from Europe where ECB is about to introduce another cut in deposit rate.
QBE is my second best hedging stock against financial roots in case USD is kept rising.
It doesn't make sense when you're comparing the sentiments...
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Last
$17.71 |
Change
-0.080(0.45%) |
Mkt cap ! $26.60B | |||
| Open | High | Low | Value | Volume |
| $17.83 | $17.99 | $17.68 | $54.23M | 3.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3332 | $17.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.72 | 1228 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$17.75 |
Change
-0.080 ( 0.24 %) |
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| Open | High | Low | Volume | ||
| $17.83 | $17.99 | $17.69 | 2230178 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| QBE (ASX) Chart |