🔴 BHP Group is trading 3.36% down in pre-market as hotter-than-expected U.S. inflation renewed rate-hike concerns

BHP Group is trading in pre-market at $80.46, down 3.36%, amid broader risk-off sentiment after hotter-than-expected U.S. inflation renewed rate-hike concerns.

• This compares with the October 14 close of $83.26.
• Reuters reported Asian markets opened lower on October 15 as inflation concerns pushed stocks down. BHP Group’s Escondida supervisors reached a deal averting a strike, a positive operational development but not a clear explanation for the decline.