Company Encyclopedia
View More
name
ISHRS MSCI Aus
EWA.US
News
View More

Banks drag Australian shares lower; miners limit losses

Australian shares fell 0.3% as bank stocks dropped after the Reserve Bank of Australia's meeting minutes hinted at possible rate hikes in 2026. Heavyweight financials fell 0.6%, while miners rose 0.4% due to firmer commodity prices. Rio Tinto gained 0.9% amid record copper prices. Technology stocks retreated 0.7%, with Xero down 1.1% and WiseTech Global down 0.8%. The S&P/NZX 50 index in New Zealand closed flat.

Reuters·
US
RIO
-0.10%
Reuters·
US
RIO
-0.10%

Australia 10Y Yield Hovers Near 2-Year High

Australia's 10-year government bond yield is around 4.77%, near a two-year high, as investors anticipate potential policy tightening. RBA minutes reveal concerns over persistent inflation, with discussions on possible rate hikes in 2026. Markets expect a rate increase in early 2026, with major banks forecasting earlier tightening due to excess demand, tight labor market, and weak productivity. The yield is projected to gain 9% in 2025.

Trading Economics·
Trading Economics·

RBA meeting minutes underline upside inflation risks, leave door ajar to tightening

The Reserve Bank of Australia's December 2025 meeting minutes reveal concerns over persistent inflation pressures, with the cash rate held at 3.60%. The Board noted upside risks in inflation, driven by broad-based cost pressures and tight labor market conditions. While the new monthly CPI data is seen as volatile, quarterly CPI remains crucial for assessing inflation. The Board debated whether financial conditions are still restrictive, with some members suggesting potential rate hikes if inflation persists.

Investinglive·
Investinglive·

The world-class Simandou iron ore mine has officially commenced production, giving China greater influence in global iron ore pricing

The world-class iron ore Ximangdu project officially commenced production on November 11, with reserves exceeding 4.4 billion tons and an iron grade of 65%. The project is led by Chinese enterprises, with deep participation from China Aluminum Group and China Baowu Steel Group. The commencement of production will break the monopoly of the three giants: Rio Tinto, BHP, and Vale SA. Analysts point out that "China has never had such a level of pricing power for seaborne iron ore."

Wallstreetcn·
US
BHP
-0.34%
US
RIO
-0.10%
US
VALE
-0.45%
Wallstreetcn·
US
BHP
-0.34%
US
RIO
-0.10%
US
VALE
-0.45%

BHP's Q1 iron ore production fell short of expectations but is optimistic about demand resilience; copper production increased by 4%, becoming a new pillar

BHP is optimistic about global iron ore demand in its latest report, despite its Q1 iron ore production being 70.2 million tons, lower than the market expectation of 71.55 million tons. Copper production increased by 4% to 493,600 tons, mainly due to increased output from the Escondida project in Chile. The company maintains its forecast for Western Australia's iron ore production for the fiscal year 2026, expecting it to be between 284 million and 296 million tons

Zhitong·
US
BHP
-0.34%
US
BHPLF
0.00%
Zhitong·
US
BHP
-0.34%
US
BHPLF
0.00%
© 2025 Longbridge｜Disclaimer