Trump is slowly cutting-off Chinese dominance of international steel trade by hitting nations that are re-exporting Chinese made steel with new tariffs. 25% on steel and 10% on aluminium.
This is having a major impact on FMG share price which remains in a well entrenched bear market trend. The recent break below $4.50 produces a spectacular downside count to $1.50.
Australian economic policy (made up of rampant real estate speculation and sucking up to China) has also been hard hit by Trump economic policy which is slowly pushing up rates and sucking a lot of free floating cash cash out of the Australian economy. CBA,WBC (and other financials) along with FMG all look like they have a terminal clap infection and no-one wants to touch them.
Imagine having all of these financials and iron ore producer in your retirement fund?
Trump is slowly cutting-off Chinese dominance of international...
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Last
$26.61 |
Change
0.580(2.23%) |
Mkt cap ! $81.93B | |||
| Open | High | Low | Value | Volume |
| $26.32 | $26.61 | $26.10 | $130.7M | 4.939M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9149 | $26.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.61 | 103276 | 6 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$26.55 |
Change
0.580 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| $26.30 | $26.61 | $26.10 | 1169483 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| FMG (ASX) Chart |