re: fromthefuture What have european interst rates got to do...

re: fromthefuture What have european interst rates got to do with the price of BHP? I mean it's no great surprise, interst rates are going up everywhere, even Japan, and from the rate that they were running at there is only one way they could have gone, UP. It's absolute proof that the market is swayed by incompetant fools if this actually moves the market, any market.

What i would have thought would have more to do with the price of BHP is the results from RIO's half year. The results are up by a factor of 10% over expectations, now if that was to occur to BHP, which wouldn't be too much of a stretch, certainly less tenuous than the european interest rates link, then this would indicate that BHP will have an extra billion dollars profit. one might consider this to be far more influential than an interest rate in europe that is running less than our inflation rate.