21/2/23. Inspiration Tuesday Morning Report.
U.S. Markets closed overnight. Europe markets little changed.
The big changes for Australia this morning were reports from BHP and Coles.
At 10.10 a.m., BHP was down about -2% but jerking around trying to find a base price.. Coles up, about +0.7%.
XJO is down -0.6%.
Gold flat overnight, -0.09%. Bitcoin up about +0.4%.
RBA minutes due at 11.30 a.m. Summer time. I'll give an update on the market soon after that time to see if any reaction occurs.
Here's a summary from Reuters of the BHP report:
Global miner BHP Group (BHP.AX) was positive about demand outlook through to fiscal 2024 as top metals consumer China reopens and shifts policy towards its debt-laden property sector, the company said on Tuesday after its 2023 first-half profit missed estimates.
However, its interim dividend of 90 cents per share, while lower than last year's $1.50 per share, beat Vuma Financial's estimate of 88 cents.
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