BHP | US Markets digest higher-for-longer rates
Stock in Focus: BHP (BHP.ASX) Mining giant BHP shares were down -0.3%, recovering from larger losses later in the session as its 2023 half year result came in softer than expected. Revenue for the half year came in at US$25.7B and profits after tax came in at US$6.5B- down –16% and 32% from the same corresponding […]
A2 Milk Disappoints
The New Zealand Market (NZX50 Index -2.1%) fell on the start of one of the busiest weeks for local the local market.
Cyclone Gabrielle damage is expected to reach $8B, which majority aimed to be covered by insurance companies while the government tapping in emergency funding to spur recovery efforts – however it is believed this could be another inflationary event – making RBNZ’s job tougher to tame inflation.
Daily Market Insights | Contact Energy
Fletcher Building weighs the NZX down, Star Entertainment sinks, Palantir posts profit, and Contact Energy posts a solid result.