The first is that Friday’s dump was caused by the rumoured end of May deadline for traders to meet new, tightened prudential requirements on their loans. If this is the case then the selling should ease this week. (MacroBusiness)
The second, a rise in new orders helped China’s official Purchasing Managers’ Index rise 0.4 of a percentage point to 50.8 in May from April’s 50.4 reading and beat market expectations that it would be 50.7.
No IO price data until Wednesday (i believe) due to Dragon boat festival/holiday. This might mean a bit of a temporary white flag for longs and shorts alike.
what the ???, page-2
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |