Pretty good gains expected this morning following better than expected Chinese economic data over the weekend and a brief resurgence in the IO price. The IO price change is from Thursday to approximate what the ASX will be adjusting to this morning.
Quite bizarrely there was quite a big increase in US interest rates overnight which have been so subbed through many hotter than expected inflation prints of late... well Friday's inflation print was quite tame so why the heck rates decided to move now is a bit puzzling... but it really looks like rates are heading higher again (tea leaves) and markets will have to react to that.
Iron ore price, page-51827
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$20.35 |
Change
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Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $20.68 | $20.28 | $2.040M | 92.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 361 | $22.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.49 | 2368 | 1 |
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