BHP surged to a record high and overtook Commonwealth Bank as Australia’s largest listed company, helping lift the materials sector evenas the ASX200 fell for a third straight session. In this episode of SBS On the Money, Jonathan Shead from State Street Investment Management unpack BHP’s milestone, the strength in mining stocks and the broader investment environment. NAB Head of Australian Economics Gareth Spence also joins, to explain why business conditions have dropped to their weakest level since 2020 and how the conflict in the Middle East is driving up costs across supply chains.
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