FMG 1.32% $19.47 fortescue ltd

Iron ore price, page-54601

  1. 38,113 Posts.
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    FWIW ...

    https://www.forexlive.com/news/goldman-sachs-on-3-reasons-chinas-economy-is-going-to-trun-better-20240909/amp/

    Goldman Sachs on China's (improving) economy, citing 3 stronger signs:fiscal easing, strong export momentum, and subsiding weather-related risks.

    1. Fiscal easing - GS see signs this has recommenced in recent weeks

    2. Export momentum is strong (an interesting point, it'll be tested today: Economic calendar in Asia 10 September 2024 - Chinese trade data for August)

    3. Weather-related risks from the summer are likely subsiding

    Combining the three, GS China's property market could get some positive input.

    Dex
    Last edited by poyndexter: 11/09/24
 
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