MM is considering reducing/closing our XRO position in the $130-$140 area

25/08/2023

MM is considering reducing/closing our XRO position in the $130-$140 area

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Latest Reports

Weekend report 20/06/2026

Weekend Q&A: BHP Group (ASX: BHP) brings the ASX back down to earth

After a strong start to the week, which saw the ASX200 rally back towards the 9,000 level, the local market reversed sharply on Thursday and Friday, trimming gains to finish the week up just +0.3%. The damage was done by the combination of hawkish commentary from the Fed's new Chair, Kevin Warsh, and a more than 5% plunge by heavyweight BHP Group (ASX: BHP) on Friday after its Canadian Potash Project saw costs blow out by US$2.3bn.

Afternoon report 19/06/2026

The Match Out: Resources rout weighs on ASX as BHP cost blowout bites

The ASX endured its weakest session in a fortnight today, with a sharp selloff across the resources complex. The market opened lower and never really looked like bouncing, drifting steadily lower through the day as investors responded to a stronger US dollar, a more hawkish Federal Reserve and renewed pressure across commodity markets.