The producer price index is what producers are paying for raw materials in the US. Last night the PPI showed a dramatic fall meaning - no demand for raw materials. That's possibly the reason why the metals and mining index (including BHP) has gone a bit limp.
On Thursday night unemployment and the Philadelphia Fed Survey is released. If these figures indicate a worsening economy we could be in for a significant correction.
So I'm remaining on the sideline for now.
The producer price index is what producers are paying for raw...
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Last
$39.62 |
Change
-1.130(2.77%) |
Mkt cap ! $200.9B | |||
| Open | High | Low | Value | Volume |
| $40.45 | $40.68 | $39.56 | $423.2M | 10.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4755 | $39.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.62 | 16874 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |