DCE powers ahead punching through the psychologically important $100pt to $105 overnight.
FMG has another very strong night OS.
inflation in USA trending down slightly or sideways ( but not up) to cast some doubt about future internet rate rises
China has released a massive program to support its ailing real estate sector that will fire up the industry for sustainable growth
China COVID zero policy has changed into a gentler kinder policy that is more economically and socially friendly. China has also developed or acquired new technologies that will allow it to face COVID in a similar manner to the west.
As many on here know I argued that once Xi was elected and as a way to mark his re-election as the super supreme leader we would see the official end of COVID zero and it would unleash a monumental wave.
In name we have not seen the ending of COVID zero, but in practice we are definitely seeing a profound departure from the policy into something more workable, and all the while COVID cases on the ground in China are at recent historic highs. This itself is very notable and the markets know it.
My second argument is that China would return to the old real estate play book to return the economy to its high growth phase necessary for it to honour its social contract.
So far so good
Side note, watching Lula in Brazil position himself as a champion of the environment globally is bad news for Vale and good news for us. New mines in Brazil will face unprecedented challenges to get up and may become simply to hot to handle to come online. This is perfect timing for Iron Bridge as it slowly ramps up.
On wards and up wards,
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B |
Open | High | Low | Value | Volume |
$18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150 | $18.46 |
Sellers (Offers)
Price($) | Vol. | No. |
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$18.50 | 4305 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 18.460 |
1 | 200 | 18.450 |
1 | 390 | 18.440 |
1 | 46 | 18.430 |
1 | 100 | 18.420 |
Price($) | Vol. | No. |
---|---|---|
18.500 | 4305 | 5 |
18.510 | 100 | 1 |
18.530 | 1251 | 2 |
18.540 | 1186 | 2 |
18.550 | 15214 | 2 |
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