Iron ore actually recovered last night. Sentiment is quite negative, but I don't think the sell off will be quite as big as everyone expects.
With the concern over high inflation and low growth, there is an obvious lever that needs to be pulled by governments around the world. Infrastructure spend will result in new jobs and economic growth which could support rising rates.
I personally don't believe we will see rising rates any time soon, however I also believe that governments will forever be trying to stimulate growth from this point on. Big tech will win, and resources should benefit from government programs.
Iron ore price, page-38501
-
- There are more pages in this discussion • 16,975 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |