IO is up 10c to 54.50 today ..
lower OIL + IO + Copper prices is the reason we have worldwide DEFLATION ...as Economists are Finally starting to Realize..
Imported Products prices get lower ..as commodities fall = Slower internal Goods Inflation = No Wages Inflation = Low Interest rates .
The best way to Recover world markets and Inflation drivers is to Lift IO + Copper Prices up...thru Supply Reductions and Mine Closures by Majors like Glencore Rio BHP Vale .
They will eventually Halt Supply expansion policy ..to Improve their EPS ...as Shareholders start to Demand better results from Major miners.
Commodities prices stabilization + growth = Inflation stabilization + growth
Banks hit Triple Bottom support, page-108
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$133.04 |
Change
1.380(1.05%) |
Mkt cap ! $220.3B | |||
| Open | High | Low | Value | Volume |
| $132.75 | $133.30 | $132.38 | $30.09M | 226.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28 | $133.03 |
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| Price($) | Vol. | No. |
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| $133.04 | 14 | 1 |
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| CBA (ASX) Chart |