AUD +0.32% to 68.15 US centsIn New York: BHP +3.3% Rio +2.9% Atlassian +0.4%Spot gold +0.1% to $US1,710.80 /oz at 2.36pm New York timeIron ore N/A due to a technical issue10-year yield: US 2.96% Australia 3.43% Germany 1.21%Stock indexes on Wall Street shed early gains and turned lower in afternoon trading, a choppy start to a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading.P 500 was down 0.
Goldman’s investment banking revenue fell 41 per cent to $US2.14 billion in the second quarter. Goldman Sachs CEO David Solomon said the market environment has become more “complicated” due to a combination of macroeconomic conditions and geopolitics, citing the war in Ukraine.FTSE 100 rose, lifted by commodity stocks and an upbeat global mood, while shares of Haleon, spun off from drugmaker GSK, fell on their debut on the London Stock Exchange.
Glencore and Rio Tinto rose 2.9 per cent and 3.2 per cent, respectively, as metal prices rose on Chinese regulators’ measures to avert a potential crisis in the country’s real estate market and a softer dollar.