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i hope they aren't holding their breath whilst waitingGoing to be an interesting couple of months leading into December, I think many people are waiting for the rate cut to happen.
i hope they aren't holding their breath whilst waitingGoing to be an interesting couple of months leading into December, I think many people are waiting for the rate cut to happen.
I am not even convinced on a rate cut this year tbh with Dec '24 SFE IB futures down to implied cut of 35bps after being at 66bps 2 month earlier , appears inflation is sticky in recent days . Given the YTD moves in many comms its not without basis , obv crude is the key onei hope they aren't holding their breath whilst waiting
a drop in the US dollar ( on the real value level )Market Index - Tuesday Evening Wrap
The S&P/ASX 200 closed 35.1 points higher, up 0.45%.
Would you call this a straight or a full house?
Iron ore up. Aluminium, copper, nickel, lead, tin, zinc up. Gold and silver up. Lithium up.
It doesn't get any better than this for our mining sector! It's no surprise, therefore, that today's best ASX performers list is dominated by companies which dig stuff out of the ground.
Outside of the magnificent mining sector, however, it was a rather mixed performance with roughly as many stocks rising as falling – despite the benchmarks 35 points gain.
Let's dive in!
Evening Wrap: ASX 200 up as base metals, iron ore, gold and lithium gains drive magnificent mining sector
Iron ore up. Aluminium, copper, nickel, lead, tin, zinc up. Gold and silver up. Lithium up. It's no surprise, therefore, that today's best performers on the ASX were mining companies.www.marketindex.com.au
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