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Pin to quick picksRio Tinto Share News (RIO)

Share Price Information for Rio Tinto (RIO)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 5,467.00
Bid: 5,464.00
Ask: 5,466.00
Change: 25.00 (0.46%)
Spread: 2.00 (0.037%)
Open: 5,475.00
High: 5,499.00
Low: 5,447.00
Prev. Close: 5,442.00
RIO Live PriceLast checked at -

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LIVE MARKETS-Fresh record highs

Mon, 10th May 2021 08:49

May 10 - Welcome to the home for real-time coverage of
markets brought to you by Reuters reporters. You can share your
thoughts with us at markets.research@thomsonreuters.com

FRESH RECORD HIGHS (0743 GMT)

Europe's pan-European index has just hit fresh highs
supported by miners as expectations for easy monetary policy and
optimism about the reopening of economies boosted cyclical
sectors.

The STOXX 600 rose just a tad in early trade but it
was enough to hit fresh record highs. It was last up 0.1%.

Europe's basic resources index jumped to a fresh
10-year high, last up 2.4%, with shares in BHP and Rio
Tinto up more than 3%.

London blue chips also rose despite a surge in the
pound as PM Johnson is expected to announce additional easing
from lockdowns.

In terms of single stocks, British bakery and fast-food
chain Greggs shares jumped more than 8% after the
company raised its outlook.

(Joice Alves)

*****

WORLD STOCKS ROLLING HIGHER (0712 GMT)

An eventful weekend as a cyber attack forced the shutdown of
much of the Colonial pipeline -- the source of half the U.S.
East Coast's fuel supply. That's pushed up U.S. gasoline futures
2% while Brent crude futures are up almost 1%.

It raises the risk of gasoline shortages during the U.S.
summer driving season but also of another surge in headline
inflation, already seen on the rise in coming months.

Treasury yields are higher therefore, adding another two
basis to a late-Friday rebound off two-month lows.

But with U.S. 10-year yields some 20 bps off recent 14-month
highs, world stocks are rolling higher, hitting new record highs
and European and U.S. futures indicating a robust session ahead.

Stocks are merely extending gains chalked up on Friday when
a remarkably poor set of April jobs data allowed markets to push
back Fed rate hike bets and sent the dollar to two-month lows. A
perusal of the figures showed however, the huge miss maybe had
more to do with hiring difficulties rather than jobs not being
created.

In other news, pro-independence parties nabbed a majority of
seats in the Scottish parliament, setting the stage for a tussle
with the UK government over another independence referendum. The
pound seems unfazed though, staying above $1.40; eyes possibly
on the end of COVID-19 lockdowns, just a week away.

Also on the weekend, meme-inspired crypto Dogecoin lost a
third of its value after Elon Musk, the billionaire Tesla chief
called it a "hustle". He then proceeded to tweet that his SpaceX
venture would be accepting Dogecoin as payment.

The main action though is on Ether which rose above $4000,
hitting a record high for the third day straight.

Finally, earnings are winding down across the Atlantic but
some 75 companies, including several banks, will report in
Europe. Societe Generale leapt as much as 6.6% after it posted
net 814 million-euro profit.

Key developments that should provide more direction to
markets on Monday:

-New India coronavirus cases and deaths hold near record highs
- Earnings: British bakery chain Greggs raised its profit
outlook after after a recovery in sales; Dignity reported a 35%
jump in Q1 profit due as demand for funeral services rose
Euro zone Sentix index
Auctions: US 6-mth/3-mth bills
US earnings: Coty, Tyson Foods, Marriott, Occidental,
Europe earnings: Euronext, Centrica

(Sujata Rao)

*****

EUROPEAN SHARES SEEN UP ON HOPES FOR LOW RATES, UK ELECTION
IN FOCUS (0545 GMT)

Europeans stocks are seen on the rise mirroring Asian
stocks, which rose amid speculation that interest rates will
remain low due to receding inflationary pressure, while the
pound shoots up after Boris Johnson emerged stronger from local
elections.

Sterling is at its highest in more than two months
against the dollar after local elections, but worries about
Scottish independence could curb sterling's gains.

Scottish leader Nicola Sturgeon told PM Johnson that another
referendum on independence was inevitable after her party won a
resounding election victory.

In the meantime, Sadiq Khan from Britain's opposition Labour
Party was re-elected Mayor of London on Saturday, comfortably
defeating Shaun Bailey from Prime Minister Boris Johnson's
Conservative Party.

Oil and gas prices jumped after a cyber attack on a U.S.
pipeline operator unnerved markets.

U.S. nonfarm payrolls data on Friday showed jobs growth
unexpectedly slowed in April, which gave equities a lift.

(Joice Alves)

******

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24 Jan 2024 08:46

TOP NEWS: Rio Tinto staff die in Canada plane crash; inks solar deal

(Alliance News) - Rio Tinto PLC on Wednesday said a plane carrying its employees crashed on its way to the Diavik mine in Canada, resulting in fatalities.

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24 Jan 2024 07:47

LONDON BRIEFING: abrdn to cut 100 jobs; Rio Tinto plane crash

(Alliance News) - Stocks in London are expected to open higher on Wednesday, following a largely positive performance in New York.

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24 Jan 2024 07:38

Rio Tinto agrees power deal with Australia's largest solar farm

(Sharecast News) - Mining giant Rio Tinto said it had agreed to buy electricity from the Upper Calliope solar farm in the state of Queensland to power its Gladstone aluminium operations for 25 years.

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24 Jan 2024 00:01

Investor group turns up heat on mining tailings dam laggards

Investor Mining and Tailings Safety Initiative has 77 member firms

*

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23 Jan 2024 17:46

London close: Stocks slip as focus shifts to US earnings

(Sharecast News) - London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.

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23 Jan 2024 17:10

FTSE 100 ends flat as insurers overshadow miners boost

Miners rise after talks of China stimulus

*

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17 Jan 2024 18:03

Serbia wants talks with Rio Tinto over Jadar lithium project

BELGRADE, Jan 17 (Reuters) - Serbia wants to hold further talks with Anglo-Australian miner Rio Tinto about its lithium project in the country, President Aleksandar Vucic said on Wednesday, adding that there should also be more public discussion over whether it should go ahead.

Read more
17 Jan 2024 17:01

Serbia wants talks with Rio Tinto over Jadar lithium project

BELGRADE, Jan 17 (Reuters) - Serbia wants to hold further talks with Anglo-Australian miner Rio Tinto about its lithium project in the country, President Aleksandar Vucic said on Wednesday, adding that there should also be more public discussion over whether it should go ahead.

Read more
16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

(Alliance News) - Stocks in London are called to open lower on Tuesday, following data showing that the UK jobless rate was unchanged at 4.2% as pay growth slowed.

Read more
16 Jan 2024 07:02

Rio Tinto 2023 iron ore shipments rise 3%

(Sharecast News) - Anglo-Australian mining giant Rio Tinto on Tuesday reported a rise in annual iron ore shipments as a ramp up of production at its Gudai Darri mine in Western Australia offset mine depletion.

Read more
16 Jan 2024 07:00

TOP NEWS: Rio Tinto backs guidance as iron ore output rises in 2023

(Alliance News) - Rio Tinto PLC on Tuesday backed its cautious guidance for 2024, as it provided annual production figures for 2023, eyeing a gradual recovery in China over the coming year.

Read more
15 Jan 2024 22:25

Rio Tinto sees China's economy slowly recovering this year

MELBOURNE, Jan 16 (Reuters) - Rio Tinto on Tuesday said that it expects stimulus measures in China to drive a slow recovery in the world's biggest steel user as it reported its second highest-ever iron ore shipments in 2023.

Read more

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