Fortescue share price slips as iron ore eases — what to watch before Feb 25 results
Fortescue Ltd shares closed down 0.74% at A$21.48 on Thursday, falling 16 cents as iron ore prices dropped around 2%. About 6.83 million shares changed hands. The move followed a Reserve Bank of Australia rate hike to 3.85% earlier in the week. Traders are watching for Fortescue’s results on Feb 25 and next week’s macro signals.