It’s not really uranium specific, it’s more macro. I’ve seen Wall Street bully the Fed to cut rates sooner than expected. Given the weaker data, rate cuts might come sooner.
Reserve Banks around the world have quite a bit of ammo up their sleeves with rates now being much higher, so it’s will be risk on again when the jitters pass and rate cuts fuel the optimism.
If the cash rate was 1% I would be more worried about the lack of levers.
THE SQUEEZE IS ON, page-2883
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Last
$10.40 |
Change
-1.260(10.8%) |
Mkt cap ! $3.109B | |||
| Open | High | Low | Value | Volume |
| $10.77 | $10.77 | $10.15 | $58.97M | 5.696M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $10.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 2536 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |