Falling Oil prices is a good stimulus for World GDP Growth similar to a Tax cut = Worldwide Opex deflation = consumer spending growth = asset growth = business investment = Infrastructure development = higher prices for copper + IO
IO will bottom ..world growth will kick in now .. OIL was like a heavy burden Tax on all economies ..especially poor countries ,. now .. India + Asia + Africa will have lower OPEX ..for consumers and industries ..= higher margins = higher wages = higher sales = investment growth ..= infrastructure and housing growth .= higher commodities IO + copper / zinc / nickle
Falling Oil prices is a good stimulus for World GDP Growth...
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Last
36.0¢ |
Change
-0.015(4.00%) |
Mkt cap ! $416.6M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 35.5¢ | $742.1K | 2.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27574 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 49243 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |