Dale Henderson says a potential tech breakthrough in lithium processing can boost margins for Pilbara Minerals investors, with benefits for the country, too.AUD -1.1% to 65.40 US centsIn New York: BHP -2.1% Rio -2.7% Atlassian -6.6%Stoxx 50 -1.6% FTSE -1.4% CAC -1.3% DAX -1.4%Iron ore -2.2% to $US103.75 a tonneUnited StatesIn a move that took investors by surprise, Fitch downgraded the United States to AA+ on Tuesday - a move based partly on Donald Trump’s violent attempts to cling to power.
Zillow reported second-quarter earnings that beat analysts’ estimates, as the company’s core marketing business outperformed an anemic US housing market. “We see limited or no impact on yields or prices,” Treasury Assistant Secretary for Financial Markets Josh Frost told reporters on Wednesday. “What we are seeing, in the immediate response, is a very limited price response in markets.”