FMG's held up a lot better than I thought it would have if you were to have foretold me about the move in IO. Even more surprising is BHP and RIO holding up so well on the "inflation" trade.
Does anyone get the "inflation trade", there are so many ways inflation can come about it, it doesn't have to be via base metal commodity prices (i.e. wages, electricity, food etc), currency moves are all relative. Does anyone get what I am missing for the market to remain so convinced in BHP and RIO given the IO market?
Iron ore price, page-43726
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Last
$20.31 |
Change
0.290(1.45%) |
Mkt cap ! $61.64B | |||
| Open | High | Low | Value | Volume |
| $19.90 | $20.35 | $19.90 | $37.57M | 1.864M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1288 | $20.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.31 | 2393 | 9 |
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| Last trade - 10.30am 15/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |