BHP share price drops 2% as copper whipsaws and rate bets build — what to watch next
BHP shares fell 2.0% to A$50.46 on Friday, ending a two-day rally as the S&P/ASX 200 dropped 0.65%. Copper surged to a record $14,527.50 a tonne on Thursday before retreating, driven by speculative trading in China. Australian core inflation rose 0.9% last quarter, raising odds of a February rate hike to 73%. BHP made no new announcements last week ahead of its mid-February earnings release.