LONDON: Consolidation: day 11. The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting in full swing. The first results have been generally ok so far, albeit with a low bar.

Looking at sector performances, the mining sector is still the top this year and miners have been partying on soaring iron ore prices.

But there’s a shift in the newsflow this week, which could crash the party.

Rio Tinto was first to cut its production targets, in a widely expected move. BHP Group followed through with a similar warning.

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