Wall Street rises as oil prices swing, ASX set to edge up
The Australian sharemarket remained flat as losses in the mining sector, particularly BHP, were balanced by gains in banking and wealth management. Investors are reacting to slowing inflation in the U.S. and concerns over declining copper output at BHP's Chilean mines.
Why it matters
Market fluctuations in major mining companies like BHP have significant implications for the Australian economy and global commodity supply chains.
— 5:23pm , first published July 16, 2026 — 5:18am
Save You have reached your maximum number of saved items.
Remove items from your saved list to add more.
Share A A A The Australian sharemarket treaded water on Thursday as losses by world’s biggest miner BHP and energy stocks offset gains by the big four banks and a rally by wealth giant AMP.
The S&P/ASX 200 finished down less than 1 point at 8840.70, with seven of its 11 industry sectors in positive territory. The choppy session came after the ASX added 0.4 per cent on Wednesday. The Australian dollar was trading at US69.96¢ in late afternoon, down 0.1 per cent.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in