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Markets Live: BHP hits 17-month high

Shares trade higher, buoyed by miners on the back of soaring iron ore futures as well as the big banks, following a solid lead from Wall Street after banks reported surprisingly strong profit growth.

  • Fuelling the rises in local mining stocks, iron ore futures in China have jumped another 7.4 per cent
  • DUET shares soar after the company recommends a takeover offer from a Cheung Kong led consortium
  • NAB follows ANZ in hiking fixed-rate mortgage rates again, with investors being hit hardest
  • Kogan.com shares jump after the online retailer sets the scene for another upgrade to 2017 earnings
  • The pound slumps on reports PM Theresa May will call for a hard Brexit in a landmark speech tomorrow

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