FMG 0.82% $24.12 fortescue ltd

Iron ore price, page-48889

  1. 10,143 Posts.
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    US stocks were clobbered, but not much action for resource stocks.

    The US economy is starting to keel over with a series of poor economic indicators... especially in the industrial production space which ultimately impacts commodities. The corker thus far this week was the NY Empire State Manufacturing Index, the consensus was for a reading of "-4.5", it came in at "-32.9" hah. This index is now at GFC and COVID levels:

    https://hotcopper.com.au/data/attachments/4980/4980458-5ebb25be54c6324eadd72b731bfd35bf.jpg

    https://hotcopper.com.au/data/attachments/4980/4980469-e119c7f596ef893564d5d1c4622a2021.jpg

    https://hotcopper.com.au/data/attachments/4980/4980473-b49d220faa38dbb2663830b664f0cefa.jpg

    Last edited by convexity: 19/01/23
 
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