BHP Group Ltd (ASX: BHP) is a world-leading resources company, extracting and processing minerals (like iron ore and copper), oil and gas, and has more than 62,000 employees and contractors, primarily in Australia and the Americas. Headquartered in Melbourne, BHP has shares listed on both the ASX and London Stock Exchange (BHP Billiton Plc).
News that US inflation had fallen to just 3.2% for the year to October sent a rocket up global share markets, with the All Ordinaries (INDEXASX: XAO) gaining 1.5% and the S&P/ASX 200 (INDEXASX: XJO) up 1.4% as ten of the 11 industry sectors finished higher.
The BHP Group Ltd (ASX:BHP) share price has jumped 3.3% since the start of the 2023. It’s probably worth asking, ‘is the BHP share price cheap?’
The ASX 200 (ASX: XJO) share market is having a strong day, it’s up by 1.4% to more than 7,100 points. What’s going on?
The Woolworths Group Ltd (ASX:WOW) share price is up 8.0% since the start of the 2023. It’s probably worth asking, ‘is the WOW share price good value?’
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down -0.40% to 6,948.80.
The Pilbara Minerals Ltd (ASX:PLS) share price has fallen 3% since the start of the 2023. It’s probably worth asking, ‘is the PLS share price in the money?’
The benchmark S&P/ASX 200 (INDEXASX: XJO) index advanced 19.5 points, or 0.3%, to 7014.9, while the broader All Ordinaries (INDEXASX: XAO) index rose 16.7 points, or 0.2%, to 7,215.
Telstra Group Ltd (ASX: TLS) gained 5 cents, or 1.3%, to $3.92, after being up 2.3% at one point, as it was perceived as benefiting from the big outage at rival Optus. In Singapore, the shares of Optus’ owner Singapore Telecom were down 5.2% on the news, and finished down 4.8% for the day.
The Australian dollar and bond yields slid after the Reserve Bank of Australia lifted the cash rate by 0.25% on Melbourne Cup Day, to 4.35%.
