Australian Mining Stocks Up 0.7%, What’s Next?

Tue 15 Apr 25, 01:01 AM | Team Kalkine

Image source: Shutterstock

Highlights

.AXMM rises 0.7%, marking its highest level since April 3.

Iron ore futures edge up, driven by positive China data but trade concerns persist.

BHP, Fortescue, and Rio Tinto see gains between 0.2% and 1.1%.

Australian mining stocks, tracked by the .AXMM sub-index, increased by 0.7%, reaching their highest level since April 3. If the current trends continue, this will mark the fourth consecutive session of gains for the sub-index. The rise comes as iron ore futures saw a slight uptick, buoyed by optimistic economic data from China. However, the gains were somewhat tempered by ongoing concerns over the escalating trade conflict between the U.S. and China, which continues to weigh on global demand.

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