Australia shares surge to 11-year high as miners soar; NZ hits record [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
Australia shares surge to 11-year high as miners soar; NZ hits record - Reuters 3 Min Read * Benchmark hovers just shy of 6,400 resistance mark * Miners skyrocket as iron ore futures hit record high * Mining sub-index set for weekly gain of 5% * Financials set for over 3% weekly fall By Rashmi Ashok May 17 (Reuters) - Australia’s benchmark share index rallied to a more than 11-year high on Friday as soaring iron ore and oil prices coupled with a weaker local dollar bolstered mining and energy stocks. Growing expectations that the central bank could cut interest rates as soon as next month also continued to buoy investors’ confidence. The S&P/ASX 200 index was up 48.50 points or 0.8% at 6,376.30 by 0125 GMT, after climbing 1.1% earlier. The benchmark closed 0.7% higher on Thursday. “The action is being led by a very strong performance on base metals overnight. The odds of another interest rate cut after the election are also high, which makes high yielding stocks very attractive,” said
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- Australian Miner Stocks Trail Global Peers as Iron Ore Drags [Yahoo! Finance]Yahoo! Finance
- Australian Miner Stocks Trail Global Peers as Iron Ore Drags [BNN Bloomberg (Canada)]BNN Bloomberg
- China's Solar Surge Is Making a Missing Power Data Problem Worse [Financial Post (Toronto, Ontario, Canada)]Financial Post
- These Are the Stocks to Watch as Australia Resets Relations With China [Yahoo! Finance]Yahoo! Finance
- BHP Group Limited (ASX:BHP) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future? [Yahoo! Finance]Yahoo! Finance
BHP
Sec Filings
- 4/18/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/3/24 - Form 6-K
- BHP's page on the SEC website