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China's stimulus measures aim to boost mining sector and investor sentiment

BHP has upgraded its rating to Buy, citing overly pessimistic assumptions about iron ore prices and Chinese growth. Recent Chinese stimulus measures, including interest rate cuts and support for the housing sector, aim to boost investor sentiment despite ongoing weak steel production. The mining sector remains sensitive to commodity price fluctuations and currency movements, with a focus on long-term asset management and capital allocation.
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Australian Dollar Brazilian Real Canadian Dollar United States Dollar Chinese Yuan BHP Group Limited AUS Mike Henry Pan Gongsheng
TradFi, Market Report
06:46 08.10.2024
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