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
IO is up 10c to 54.50 today .. lower OIL + IO + Copper prices is...
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Last
$132.69 |
Change
1.030(0.78%) |
Mkt cap ! $222.0B | |||
| Open | High | Low | Value | Volume |
| $132.75 | $133.30 | $131.90 | $180.8M | 1.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $132.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $132.70 | 2496 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |