Whist's its been a great week or two, it maybe worthwhile stepping back from the noise a bit as there are some concerning developments:
- Crude oil prices are starting to crack it which can be a canary in the coal mine for economic growth.
- Last night the US Leading Indicators screamed a US recession and the conference board actually stated the US may already be in recession.
- This is happening whilst interest rates are still going up!
Might be wise to consider ones lucky stars!...
US Leading Indicators indicate a recession - worth reading about (https://www.conference-board.org/topics/us-leading-indicators)
Anyway, not much overnight action to speak of:
Iron ore price, page-48241
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Last
$24.12 |
Change
-0.200(0.82%) |
Mkt cap ! $74.26B | |||
| Open | High | Low | Value | Volume |
| $24.34 | $24.35 | $23.96 | $172.3M | 7.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $24.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.12 | 84698 | 5 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$23.99 |
Change
-0.200 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| $24.34 | $24.35 | $23.96 | 831019 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| FMG (ASX) Chart |