ASX losing streak snapped as investors urged to look at Rio
Investors worried about the control of inflation and superannuation need not worry as future interest rate rises have been worked into forecasts.
Finance Guru Scott Haywood, in his daily Finance Report on Breakfast, also told host Gareth Parker his 6PR #Stocktowatch was Rio Tinto.
“There’s a lot going on in Perth today and Rio Tinto today announced they have finally shipped iron ore from their mine in the Pilbara but disclosed it has had a 20 per cent cost blowout,” he said.
“Normally that news when it’s told, the market wouldn’t like it, but it will like that today and will price that in.”
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