Episode Details

The US bond and stock markets were closed Monday for President’s Day. That means we have no Wall Street lead for today’s ASX. SPI futures are up 15 points and suggest the ASX will open modestly higher. The news of the day will be dominated from the release of BHP’s latest results.The market will be looking for further clarity around their current negotiations around iron ore pricing with China. Commodity contracts still changed hands, with oil edging up as the world awaits Iranian developments, while gold slipped back on thin trading. Industrial metals in London were generally lower. China is on Lunar New Year holiday all week so news flow from the biggest consumer will be muted. I wouldn’t expect much from any of them for now.

BHP - SEK - JDO results

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