BHP (ASX

The Australian sharemarket has opened lower with mining giant BHP among the early losers after it posted a sharp fall in half-year profit and announced a ...

While this has sparked inflows into global assets tied to the Chinese economy, the broader sentiment in markets remains impaired, with the Fed resolute on its fight against inflation. Contracts on the S&P 500 Index slipped 0.3 per cent as trading was muted with Wall Street closed due to the Washington’s Birthday public holiday. “2023 will be much bumpier than the current performance would suggest,” Luca Fina, head of equities at Generali Insurance Asset Management, wrote in a note. The S&P/ASX200 was down 25.10 points, or 0.34 per cent, to 7,326 in afternoon trading. Its shareholders will receive an interim dividend of US90¢ a share ($1.30), down from $US1.50 it paid out at the same time last year. The supermarket chain also announced that chief Steven Cain

The BHP Group Ltd (ASX:BHP) share price is under the spotlight today after the miner told investors about its FY23 half-year result.

I think BHP is a great business, but it’s important that we buy resource businesses at the right price. We are positive about the demand outlook in the second half of FY23 and into FY24, with strengthening activity in China on the back of recent policy decisions the major driver. The Jansen (potash – greener fertiliser) stage 1 project is “tracking to plan”, with targeted first production brought forward to 2026, from 2027. Lower resource prices are typically unhelpful for the BHP share price. Until then, there are other This largely reflected lower resource prices.

BHP reported its half-year results this morning · The ASX 200 miner reported US$6.5 billion in profits, down 32% from 1H FY22 · BHP's interim dividend of 90 US ...

Investors appear underwhelmed with the results. That’s down 40% from the US$1.50 interim dividend paid out last year. [payout ratio](https://www.fool.com.au/definitions/dividend-payout-ratio/). [dividend reinvestment plan (DRP)](https://www.fool.com.au/definitions/drp/) need to do so by 13 March. [franked](https://www.fool.com.au/definitions/franking-credits/) dividend of 90 US cents. [ASX: BHP](https://www.fool.com.au/tickers/asx-bhp/)) [dividend](https://www.fool.com.au/definitions/dividend/) isn’t quite what it was this time last year.

ASX 200 futures are trading 29 points lower, down -0.40% as of 8:30 am AEDT. The US market was closed for President's Day, China leaves interest rates ...

[following me](/sign_up?pid=126123)below and you’ll be notified every time I post a wire Australia's most comprehensive markets wrap is back for 2023, with a fresh look and a new emphasis on getting you and your money ahead of the curve. Most of the major houses are still sticking to their guns. Then, there's Michael Hartnett of Bank of America who now believes we could see a 400-point drop in the S&P 500 over the next two weeks. Morgan Stanley's Mike Wilson, who was the ultimate bear of 2022, keeps his title as he calls for a 20% correction in the S&P 500. The ultimate bull of 2022, Marko Kolanovic of JP Morgan, has conceded he sees a 5-10% correction in the NASDAQ for 2023. Still, iron ore miners have been relatively reserved after the massive November to January resurgence. Investors are optimistic that the Chinese government will unleash further stimulus measures, most notably at its National People's Congress meeting in early March. [Bloomberg](https://www.bloomberg.com/news/articles/2023-02-20/taiwan-export-order-fall-lessened-by-rebound-in-phone-demand?utm_content=markets&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-markets#xj4y7vzkg)) [Bloomberg](https://www.bloomberg.com/news/articles/2023-02-20/chinese-banks-keep-lending-rates-unchanged-after-pboc-holds)) [Bloomberg](https://www.bloomberg.com/news/articles/2023-02-20/oil-steadies-after-weekly-decline-driven-by-more-hawkish-fed?utm_content=markets&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-markets#xj4y7vzkg)) [Bloomberg](https://www.bloomberg.com/news/articles/2023-02-20/jpmorgan-s-matejka-says-stock-rally-will-fade-amid-fed-fallout?srnd=premium&sref=J9GPLx1B))

The ASX is in the red after a quiet night on global markets as profit-reporting season rolls on. Follow the day's events and insights from our business ...

Every day we prevaricate is a day further away from Australia meeting its climate target. “Currently Australia has no policies that drive investment into real decarbonisation projects. “When industry or government buys carbon credits to offset emissions - even if they are of high integrity - they are not spending money on technology that permanently displaces fossil fuel use and permanently reduces emissions. Despite the improvement, Coles says its margins were partly hit by "investment in pricing", "increasing headwinds in markdowns" and "stock loss as a result of increasing theft". By Sue Lannin Coles Group has posted a bumper half-year profit, increasing its net earnings by 17.1 per cent off the back of a smaller 4.1 per cent increase in sales on rising profit margins. Best performer today on the ASX 200 is building services firm Johns Lyng Group (+11.1 per cent) on the back of its profit results, which saw half year income surge by 144 per cent to $29 million. BHP saw after tax profit for the six months to the end of December slump by one third to $6.5 billion as revenue slipped. BHP (-2 per cent) is weighing on the market after half-year profit slumped by 32 per cent, and the miner reduced its dividend payout for investors. The drop came from a 16 per cent fall in revenue to $US25.7 billion ($37.2 billion). The mining giant reported a 32 per cent drop in half-year profit to just under $US6.5 billion ($9.3 billion). Retirement home operator Ingenia Communities (-13.4 per cent) did the worst after slashing its profit guidance and posting a 16 per cent fall in net profit for the half-year to $33.7 million.

The ASX trimmed its losses late in the day. A busy day of reporting and a release from the RBA weighed on local sentiment.

Get the latest Stockhead news delivered free to your inbox. Get the latest Stockhead news delivered free to your inbox Swipe or scroll to reveal the full table. Markets coverage, company profiles and industry insights from Australia’s best business journalists – all collated and delivered straight to your inbox every day. Click headings to sort. Stockhead’s daily newsletters make things simple: Markets coverage, company profiles and industry insights from Australia’s best business journalists – all collated and delivered straight to your inbox every day. For investors, getting access to the right information is critical. Market Cap “The recent inflation data had suggested more breadth and persistence in inflation than had been expected, and that strong demand was leading to price increases in some parts of the economy,” the minutes said. Meanwhile, the RBA has today released the minutes from its February 7th meeting, which suggest that board members were considering a super-sized 50bp increase in rates to tame inflation. Qantas (ASX:QAN) has unveiled a $100m investment to transform a number of its international and domestic lounges as the airline returned to profit in the last half. These results mean that the good news is likely to continue for investors,” said Josh Gilbert, market analyst at eToro.

Goldman Sachs has predicted that the iron ore price could climb substantially higher. Is it time to buy S&P/ASX 200 Index (ASX: XJO) mining shares?

So, when the iron ore prices go back down, that could see the share prices fall, presenting a better opportunity. That means that the iron ore price could rise by 20% over the next three months, and almost 10% over the next six months. Goldman has a three-month target of US$150 per tonne for the iron ore price, while the six-month target is US$135 per tonne. [mining shares](https://www.fool.com.au/investing-education/top-mining-shares/). As miners, changes in commodity prices can have a significant impact on company financials. [Australian Financial Review](https://www.afr.com/markets/commodities/iron-ore-price-heading-to-us150-a-tonne-goldman-sachs-20230220-p5clsp), Goldman Sachs is predicting the iron ore market could swing to a “significant” deficit in the second quarter of 2023.