Local sharemarket finished steady, despite big fall in value of BHP shares | Finance Report

Local sharemarket finished steady, despite big fall in value of BHP shares | Finance Report

bhp fell seven percent today because one of last night’s flurry of announcements was that the dual listed structure was part of the company listed in london and part on the asx is to be ended that means it’ll probably come out of the uk share indexes and british funds won’t have to hold it whether it’s a good idea to get out of fossil fuels and invest in fertiliser instead is another matter the recipient of its oil and gas operations woodside also fell today and so did rio tinto but the all ordinaries closed steady because banks and retailers went up and there were some pretty solid profit announcements as well shares in new york fell because u.s retail sales were weaker than expected in july but asia markets came back up a bit the australian dollar continued to slide to a near 12-month low and commodities were weaker as well especially iron ore and wheat the quarterly wage index compiled by the abs came out today and confirmed what the reserve bank has been saying that any pickup in wage growth will be gradual growth in the quarter was only 0.4 1.7 for the year even though three-quarters of australian firms are saying they can’t get enough staff maybe they should try money it’s worked in the past and the weakest wage growth is in the public sector in fact it’s a record low and that’s finance you
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Local sharemarket finished steady, despite big fall in value of BHP shares | Finance Report

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