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    BHP   AU000000BHP4

BHP GROUP LIMITED

(BHP)
  Report
Delayed Australian Stock Exchange  -  12:10 2022-12-06 am EST
46.56 AUD   -0.53%
11:16aEuropean Equities Largely Flat After Opening Lower in Tuesday Trading
MT
12/05Australian shares slide as strong U.S data sparks rate-hike fears, RBA in focus
RE
12/05Australian shares end higher on mining boost; RBA decision in focus
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Global stocks flat, U.S. Treasury yields rise as recession worries persist

08/16/2022 | 06:57am EST

* S&P 500, Dow edge higher

* Benchmark 10-yields rise

* Yield curve further flattens

* Dollar gains

* Oil prices decline

* Safe-have gold drops

NEW YORK, Aug 16 (Reuters) - Global equity markets were flat while U.S. Treasury yields rose on Tuesday as recession worries weighed amid concerns that the Federal Reserve will continue its steep interest rate hikes despite nascent signs of a slowdown in inflation.

A steady stream of economic data, including a drop in U.S. single-family housing starts and New York state factory activity, indicate that the world's largest economy is softening in response to the Fed's rate actions.

But recession worries persist among traders. The closely watched yield curve between two- and 10-year Treasury notes - viewed as a reliable indicator of an impending recession - headed towards inversion at minus 38.60 basis points on Tuesday. "It seems that the bond market doesn't quite reflect the inflation happening in the economy," said George Young, a portfolio manager at Villere & Company in New Orleans. "The weird thing is that in the last couple of weeks bond yields have gone up and stayed up so there's kind of a disconnect. There's kind of a question maybe inflation isn't that bad and we may actually be going into a recession. Market participants are all over the place," he added. MSCI's gauge of stocks in 50 countries across the globe shed 0.01%. Overnight in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.07% lower, while Japan's Nikkei lost 0.01%. U.S. Treasury yields edged higher as encouraging data from U.S. retail giants suggested the U.S. Federal Reserve has room to further raise rates to cool inflation. Benchmark 10-year Treasury yields were at 2.844% from 2.791% on Monday On Wall Street, the benchmark S&P 500 and the Dow reversed earlier losses and were trading higher, with stocks in consumer discretionary and consumer staples leading the rebound. The Dow Jones Industrial Average rose 0.47% to 34,071.45, the S&P 500 lost 0.01% to 4,296.5 and the Nasdaq Composite dropped 0.52% to 13,059.82. (Reporting by Chibuike Oguh; Editing by Sandra Maler)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED -0.53% 46.56 Delayed Quote.42.65%
UK 10Y CASH -0.01% 3.081 Delayed Quote.243.49%
All news about BHP GROUP LIMITED
11:16aEuropean Equities Largely Flat After Opening Lower in Tuesday Trading
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Analyst Recommendations on BHP GROUP LIMITED
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Financials (USD)
Sales 2023 53 260 M - -
Net income 2023 14 762 M - -
Net Debt 2023 3 175 M - -
P/E ratio 2023 10,4x
Yield 2023 6,61%
Capitalization 158 B 158 B -
EV / Sales 2023 3,03x
EV / Sales 2024 3,15x
Nbr of Employees 45 295
Free-Float 96,9%
Chart BHP GROUP LIMITED
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BHP Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends BHP GROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 31,27 $
Average target price 28,41 $
Spread / Average Target -9,13%
EPS Revisions
Managers and Directors
Mike Henry CEO & Non-Independent Executive Director
David Mark Lamont Chief Financial Officer
John Kenneth Norman MacKenzie Chairman
Laura Tyler Chief Technical Officer
Edgar Basto Chief Operating Officer
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