Articles by Rebecca Torres
BHP Copper Output Outlook Dims as Escondida Weighs on FY27 Guidance
BHP shares dropped 2.34% after FY27 copper guidance signaled an 11.7% decline, with Escondida responsible for 93% of the deficit. Record iron ore output provides a buffer.
Oil Surge Challenges Fed's Inflation Progress, Complicates Rate Path
A sharp 11% rally in oil prices over the past week is casting doubt on the Fed's ability to pause rate hikes, after June CPI showed a 0.4% drop driven by lower fuel costs.
Peso's 0.34% Drop Erodes Six Weeks of Carry Trade Gains
The Mexican peso fell 0.34% on Thursday, wiping out nearly six weeks of gross carry for dollar-funded trades, as the dollar strengthened on risk-off sentiment.
BHP copper price reliance intensifies as output set to drop 12% in FY2027
BHP Group (ASX:BHP) expects a 12% drop in copper output for fiscal 2027, requiring copper prices near $6.50/lb to offset the volume loss.
Woodside's Oil Rally Benefit Capped by Gas Mix and Hedging Strategy
Woodside Energy's exposure to the oil rally is tempered by its production mix and hedging, with only 25% of output unhedged crude. LNG price benefits will lag.
Glencore's Congo Copper Surge Faces Mining Code Overhaul Risk
Glencore's copper output jump was driven by its Congo operations, but a proposed mining code revision poses operational risks.
Mexican Peso Holds Near 17.50 as Oil Plunge Precedes US CPI Data
The Mexican peso trades near 17.50 per dollar as Brent crude slides nearly 14% ahead of US CPI data. Wide yield spreads support the currency, but risks from geopolitical tensions and US rate expectations remain.
BHP Seeks Arbitration as Port Hedland Strike Looms After Iron Ore Test
BHP Group has requested Fair Work Commission intervention as an eight-hour strike at Port Hedland nears, following a key iron ore production test. The walkout could impact early FY27 shipments.