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
The article provides a factual summary of market performance and corporate production data without bias.
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