Pre. Settlement | N/A |
Settlement Date | 2023-04-26 |
Open | 1,880.30 |
Bid | 1,881.10 |
Last Price | 1,879.50 |
Day's Range | 1,879.90 - 1,881.20 |
Volume | |
Ask | 1,881.20 |
(Bloomberg) -- The world’s biggest miners have spent years calling for consolidation in a fragmented industry. Newmont Corp.’s $17 billion offer for Australia’s Newcrest Mining Ltd. suggests it’s finally starting to happen on a significant scale.Most Read from BloombergQuakes Kill 2,500 in Turkey and Syria; Millions Lose PowerTurkey’s South Hit by a Second High-Magnitude EarthquakeUS Moves to Recover Chinese Balloon While Weighing RetaliationDell to Cut About 6,650 Jobs, Battered by Plunging PC
Global equity markets fell and the dollar firmed on Monday after data showing a resilient U.S. jobs market suggested interest rates will stay higher for longer as central banks fight to slow inflation amid relatively strong economic growth. Investors have been caught between a Federal Reserve that sees interest rates rising and staying above 5% into next year, and a market that had priced in rate cuts by the U.S central bank later this year on expectations of a cooling economy.
The takeover would ripple into Canada where both companies operate mines