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Rio’s (ASX:RIO) iron ore shipments reduced due to cyclone: ASX set for a flat start

18 Feb 2020 – Wall Street was closed yesterday due to President’s Day. The ASX looks set to open flat this morning. European stocks closed higher as China’s central bank announced fresh policy to shield its economy from Coronavirus. Meanwhile, Apple reports they will not meet their quarterly revenue forecast as a result of the virus outbreak. Rio Tinto’s (ASX:RIO) iron ore operations in the Pilbara are progressively resuming following the passing of Tropical Cyclone Damien.

Source: Finance News Network

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