🚨UBS on ASX #IronOre miners 🧐
🔎 $BHP Group Ltd (BHP.AU)$ pricing in ~$90/t, $RIO ~$88/t, $FMG ~$88/t & $MIN ~$82/t
🔎 Spot is $97.81/t = Markets have OVERPRICED current iron ore price fall
🔎 UBS long-term target = $85/t real (2029)
🔎 Still no Buys: BHP Neutral >RIO Neutral >FMG Sell >MIN Sell $Fortescue Ltd (FMG.AU)$
🔎 $BHP Group Ltd (BHP.AU)$ pricing in ~$90/t, $RIO ~$88/t, $FMG ~$88/t & $MIN ~$82/t
🔎 Spot is $97.81/t = Markets have OVERPRICED current iron ore price fall
🔎 UBS long-term target = $85/t real (2029)
🔎 Still no Buys: BHP Neutral >RIO Neutral >FMG Sell >MIN Sell $Fortescue Ltd (FMG.AU)$
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Workers at the world’s largest COPPER mine in Chile, which is owned by BHP, have gone on strike….They should have striked when copper shot up over US$5/lb because prices have recently tanked 20%, giving them way less bargaining power. $BHP Group Ltd (BHP.AU)$
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Currently, the cash rate target is 4.35 per cent.
The cash rate target is a figure set by the Reserve Bank of Australia (RBA).
The figure influences how much commercial banks charge customers for borrowing money.
But when the RBA changes the cash rate target, interest rates for mortgages don't automatically change. That's something the individual banks decide.
Banks usually put out a statement saying whether they'll change their rates after an RBA meeting.
If...
The cash rate target is a figure set by the Reserve Bank of Australia (RBA).
The figure influences how much commercial banks charge customers for borrowing money.
But when the RBA changes the cash rate target, interest rates for mortgages don't automatically change. That's something the individual banks decide.
Banks usually put out a statement saying whether they'll change their rates after an RBA meeting.
If...
![What is the cash rate target?](https://sgsnsimg.moomoo.com/sns_client_feed/151827937/20240805/1722847146102-random7854-151827937-android-org.png/thumb?area=102&is_public=true)
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Get prepped for a RBA August rate hike
![Picture](https://sgsnsimg.moomoo.com/sns_client_feed/151827937/20240718/20111092b5d945a8874556043693cb6f.png/thumb?area=102&is_public=true)
$BHP Group Ltd (BHP.AU)$ -6% because BHP isn't starting production at low prices... lmao
Market literally shitting on a great decision that may akshually improve DCF for a change...
Market literally shitting on a great decision that may akshually improve DCF for a change...
For distributions and dividends that are declared around the end of June, but paid in July, would that income be taxed in the previous financial year, or the current new one?
In particular, ETFs (VAS, VGS etc), distributions from REITs, and dividends from individual shares. I imagine the answer could be different for each of these. Thanks! $CommBank (CBA.AU)$ $Fortescue Ltd (FMG.AU)$
In particular, ETFs (VAS, VGS etc), distributions from REITs, and dividends from individual shares. I imagine the answer could be different for each of these. Thanks! $CommBank (CBA.AU)$ $Fortescue Ltd (FMG.AU)$
For me, and in consideration of market pricing via the implied yield curve – November is the most likely meeting we’ll get an interest rate hike (assuming the July CPI isn’t another ‘shocker’ and the RBA hasn’t already pulled the trigger in August).
There’s also an old market wives’ tale that the RBA is more inclined to hike in November when it’s on a hike path as the November meeting generally coincides with Melbourne Cup Day. The theory here is the media will be otherwise distracted, meaning l...
There’s also an old market wives’ tale that the RBA is more inclined to hike in November when it’s on a hike path as the November meeting generally coincides with Melbourne Cup Day. The theory here is the media will be otherwise distracted, meaning l...
The RBA may simply have no choice but to hike again in response to this...![]()
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Despite positive developments, the broader crypto market, including Bitcoin, is experiencing significant volatility. Bitcoin is currently trading below $66,000, struggling to regain its March peak.
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