Site menu

Search by ticker code:
Generic filters

Menu

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Fortescue Metals Group Ltd (ASX:FMG) and South32 Shares Jump 5% On Trade War Truce

The share prices of Fortescue Metals Group Limited (ASX: FMG) and South32 Ltd (ASX: S32) are both up more than 5% due to a trade war truce between the US and China.

Fortescue is the fourth largest iron ore producer in the world and South32 is a $16 billion miner of manganese ore, a major producer of silver and one of the world’s largest ferronickel producers.

Demand for the products of both companies is heavily influenced by global trade and infrastructure spending.

The end of the trade war?

US President Donald Trump and China have been at loggerheads over trade practices, intellectual property and tariffs.

However, the implementation of the US threat to increase existing tariffs from 10% to 25% on US$250 billion goods has been suspended for 90 days.

As part of the deal, China will purchase a large amount of agricultural, energy, industrial and other products from the US.

However, to remove the current 10% tariffs China would need to work on cyber intrusions & theft, intellectual property protection and mandatory technology transfers.

Now What?

Australian resource businesses rely on global trade to maintain & increase demand for the materials produced. Other ASX share price gains include BHP Billiton Limited (ASX: BHP) shares rising 3.3% and Rio Tinto Limited (ASX: RIO) shares rising 2%.

For investors, this type of news and share price reactions serve as a reminder that mining and resources shares can be very volatile, unlike other ASX dividend shares that araffected effected by tariffs…

[ls_content_block id=”14945″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content