Japanese 4th qtr growth figures have just been revised upwards to 1.3% and Japanese capex has increased 3.1%.
This is the second set of good growth figures out of Japan in three days.
The resources boom is about to get another leg.
I wouldn't be going short BHP or RIO at the moment.
The market hasn't really factored in India's growth in determining resource demands for the next twenty years, only China's.
I still think there's at least another 8 years in this resources cycle, countering the 20 years of underinvestment that the world will be paying for until supply can agian meet the growth in demand.
may dip, page-3
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Last
$44.74 |
Change
1.380(3.18%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $44.35 | $44.86 | $44.27 | $675.0M | 15.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | $44.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.75 | 3245 | 8 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |