Australian shares edge lower as miners retreat, RBA decision looms
Published . Updated .
Australian shares edged lower on Monday as miners' losses outweighed bank gains, with investors bracing for a possible fifth rate hike this year. The S&P/ASX 200 index fell 0.2% to...
Directly affected
- No company is named in this report.
Indirectly affected
- PICK iShares MSCI Global Metals & Mining Producers ETF-7.0% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story.
- XME SPDR S&P Metals & Mining ETF-11.3% 30d
SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story.
- XLF Financial Select Sector SPDR-3.5% 30d
Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story.
- EWA iShares MSCI Australia ETF+2.2% 30d
iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australian”).
- BHP BHP Group-6.6% 30d
BHP Group (metal mining, with business in Australia): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story.
- FCX Freeport-McMoRan-13.4% 30d
Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story.
- RIO Rio Tinto Group
Rio Tinto Group (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story.
- VALE Vale S.A-3.1% 12d
Vale S.A (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| PICK | +0.62% | +3.37% | base | after close | after close | after close | after close |
| XME | -1.86% | +3.58% | base | after close | after close | after close | after close |
| XLFNo price data for this ticker | — | — | — | — | — | — | — |
| EWA | -1.22% | +0.03% | base | after close | after close | after close | after close |
| BHP | -0.09% | +3.90% | base | after close | after close | after close | after close |
| FCX | +4.37% | +6.68% | base | after close | after close | after close | after close |
| RIO | +2.26% | +4.97% | base | after close | after close | after close | after close |
| VALE | +5.09% | +0.53% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Australian shares edge lower as miners retreat, RBA decision looms marketscreener.com
Source: marketscreener.com
How far Ishares Msci Global Metals & Mining (PICK) has moved since 2 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| BHP Group (BHP) | three days earlier | +3.90% | final price |
| BHP Group (BHP) | five days earlier | -0.09% | final price |
| Ishares Inc Msci Australia Etf (EWA) | three days earlier | +0.03% | final price |
| Ishares Inc Msci Australia Etf (EWA) | five days earlier | -1.22% | final price |
| Freeport-Mcmoran (FCX) | three days earlier | +6.68% | final price |
| Freeport-Mcmoran (FCX) | five days earlier | +4.37% | final price |
| Ishares Msci Global Metals & Mining (PICK) | three days earlier | +3.37% | final price |
| Ishares Msci Global Metals & Mining (PICK) | five days earlier | +0.62% | final price |
| Rio Tinto (RIO) | three days earlier | +4.97% | final price |
| Rio Tinto (RIO) | five days earlier | +2.26% | final price |
| Vale S.A (VALE) | three days earlier | +0.53% | final price |
| Vale S.A (VALE) | five days earlier | +5.09% | final price |
| Spdr Series Trust (XME) | three days earlier | +3.58% | final price |
| Spdr Series Trust (XME) | five days earlier | -1.86% | final price |
Who gains and who loses around Ishares Msci Global Metals & Mining (PICK)
Companies mentioned with this story
- PICK Ishares Msci Global Metals & Mining
For “Australian shares edge lower as miners retreat, RBA decision looms,” Ishares Msci Global Metals & Mining (PICK) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story
- XME Spdr Series Trust
For “Australian shares edge lower as miners retreat, RBA decision looms,” Spdr Series Trust (XME) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story
- EWA Ishares Inc Msci Australia Etf
Ishares Inc Msci Australia Etf (EWA) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Australian shares edge lower as miners retreat, RBA decision looms.” Reason on file: iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australian”)
- BHP BHP Group
In “Australian shares edge lower as miners retreat, RBA decision looms,” BHP Group (BHP) is linked, with no stored direction, medium confidence. Reason on file: BHP Group (metal mining, with business in Australia): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story
- FCX Freeport-Mcmoran
In “Australian shares edge lower as miners retreat, RBA decision looms,” Freeport-Mcmoran (FCX) is linked, with no stored direction, medium confidence. Reason on file: Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story
- RIO Rio Tinto
In “Australian shares edge lower as miners retreat, RBA decision looms,” Rio Tinto (RIO) is linked, with no stored direction, medium confidence. Reason on file: Rio Tinto Group (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story
- VALE Vale S.A
In “Australian shares edge lower as miners retreat, RBA decision looms,” Vale S.A (VALE) is linked, with no stored direction, medium confidence. Reason on file: Vale S.A (metal mining): miners' profits move with metal prices. Linked by “miners” (metals & mining) in this story
Ishares Msci Global Metals & Mining (PICK)
“Australian shares edge lower as miners retreat, RBA decision looms” (2 Nov 2026) reaches Ishares Msci Global Metals & Mining (PICK) through this story.
Ishares Msci Global Metals & Mining (PICK) is on the page because iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story
Spdr Series Trust (XME) is here too. Its reason reads: SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “miners” (metals & mining) in this story
Dates and price levels for Ishares Msci Global Metals & Mining (PICK)
EWA traded between 27.76 and 29.31 across 20 sessions. The latest close on file is 29.12. PICK traded between 54.38 and 61.57 across 20 sessions. The latest close on file is 56.72. XME traded between 95.15 and 109.02 across 20 sessions. The latest close on file is 97.82.
What the saved facts support for Ishares Msci Global Metals & Mining (PICK)
46 out of 100
“Australian shares edge lower as miners retreat, RBA decision looms” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.