ASX to fall as strong US spending weakens case for rate cuts

News Snapshot:

Rio Tinto – The mining company will reveal its operational performance in its first quarter production report at 8.30am. BHP follows the day after. Josh Gilbert, market analyst at eToro, says traders’ attention will be on how it is coping with the uncertainty in China’s economy is affecting iron ore but also the level of its copper production. “The good news for Rio investors is that the business is growing its copper production faster and that will be a key focal point for investors this week. Its growing copper production is one of the reasons that the market expects earnings...