BHP share price rises after RBA hike; here’s what investors watch before Feb. 17 results
BHP shares closed up 1.4% at A$50.13 after the Reserve Bank of Australia raised rates for the first time in two years, lifting its cash rate to 3.85%. The Australian dollar jumped above 70 U.S. cents. BHP will report half-year results on Feb. 17. Rio Tinto and Fortescue also posted gains.