Well seems you might be right again this time. From CMC markets below. All my mining stocks are up today.
A softened US dollar helped to lift commodity prices overnight. Oil prices jumped and key industrial metals bounced. Specifically, copper markets rallied as much as 3%. However, global growth uncertainties remain on the table as the tariff rate is scheduled to increase to 25% on 1 Jan 2019. President Trump also mentioned that he is ready to escalate the tariffs to phase three if China takes retaliatory actions. The strength of commodity prices may continue until major news surfaces and reminds investors about a potential dimmer industrial outlook.
The Energy and Materials sectors may enjoy a good run today on the back of higher commodity prices. The growth and high value stocks may find support if investors remain in risk-on mode. The Department of Energy US crude oil inventory report due later tonight may lift oil prices if a stockpile reduction is shown.
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Last
$4.32 |
Change
0.280(6.93%) |
Mkt cap ! $8.593B | |||
| Open | High | Low | Value | Volume |
| $4.30 | $4.38 | $4.25 | $58.48M | 13.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4125 | $4.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.33 | 7000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| EVN (ASX) Chart |