Noting some remarks from resource mining giant BHP earlier today (profit report accompanied by comments from Chief Executive Andrew Mackenzie).
- US - China trade dispute has dampened global economic growth
- has not yet affected Chinese demand for BHP's commodities such as iron ore, copper and coal in China
- "There's obviously been a slight cooling in appetite based on some of the concerns we have seen in the short-term for the global economy. We are not without some consideration as to what might be around the corner"
So, upbeat but wary I guess is the in bref version.
Should be AUD supportive.
