FMG 0.35% $25.66 fortescue ltd

hi Jhunt really strange activity today with the futures. The May...

  1. 5,678 Posts.
    lightbulb Created with Sketch. 1733
    hi Jhunt

    really strange activity today with the futures. The May contract was marginally down but the Feb 2025 contract significantly up; same with the contracts maturing later this year.

    I interpret the differential closing in recent days as the mkt thinking stimulus ie both fiscal and monetary needed later this year to hit the gdp target which will carry thru till next year. Military spending will be up as well which will likely push demand for IO up.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$25.66
Change
0.090(0.35%)
Mkt cap ! $79.00B
Open High Low Value Volume
$25.72 $25.86 $25.63 $77.37M 3.012M

Buyers (Bids)

No. Vol. Price($)
3 11417 $25.65
 

Sellers (Offers)

Price($) Vol. No.
$25.70 2000 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$25.72
  Change
0.090 ( 0.55 %)
Open High Low Volume
$25.72 $25.86 $25.64 785342
Last updated 15.59pm 03/05/2024 ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.