Australian shares are poised to rise. US equities were modestly lower in the final hour of trading as investors parsed comments from Donald Trump’s Treasury secretary nominee and a key Federal Reserve policymaker.
Bloomberg is reporting that Rio Tinto and Glencore are holding talks about merging their businesses, a combination that would leapfrog BHP as the world’s largest mining group.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
