Well I am pleasantly surprised to see these stocks do so well on Friday (as they should be with the IO price), but more so with ASX Futures -70pts or so I was expecting to see some -2% losses. Seeing that's not the case, it doesn't seem right ASX Futures are down so much.
Anyway, US inflation came in line with estimates on Friday (actually becoming quite tame at 3.7% YoY) and this initially triggered a sharp rally in the AUD (I haven't bothered to check where it ended up). There might be some hope US bond yield's are peaking out, technically the trend is starting to look a bit suspect:
That would align with US stocks which appear quite oversold now, with high volume indicating a climax should be close, at least in the short term.
Note, I think IO was generally higher on Friday night, but the gains were more toward the backend of the curve with the near obsolete November contract moving in a slightly different direction.
Well I am pleasantly surprised to see these stocks do so well on...
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Last
$16.82 |
Change
-0.500(2.89%) |
Mkt cap ! $51.78B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.81 | $252.2M | 14.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13676 | $16.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.83 | 350 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |