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Dividend surprises could be dug-up from mining-sector results
Bank and commodity stocks dragged European benchmarks lower Tuesday as mining stocks pared Monday's gains and the second-quarter earnings season got underway.
Here's what you need to know now.
Stocks hold close to flat of a rush of earnings reports this week.
A study of analyst recommendations at the major brokerages shows that Rio Tinto plc is the #8 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector.
Rio Tinto shareholders have approved the $2.7 billion sale of coal mining assets in Australia to China's Yancoal, Rio's preferred buyer and a unit of China's Yanzhou Coal Mining Co.
Stocks higher, S&P 500 logs best day since April.
Stocks higher as materials lead gains.
Rio Tinto shares gained in London after Glencore increased its bid for the group's Australia-based coal assets to around $2.6 billion.
A stronger dollar, commodity supply concerns and an increasingly uncertain outlook for global growth conspired to darken the mood among investors Tuesday.
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