ASX to open flat with BHP poised to report

News Snapshot:

Still, a shadow persists over China. TD Securities said the steady stream of negative headlines on China property developers may have moved off the front pages but the outlook remains far from positive - activity has stalled and deflation has now taken hold for the fourth straight month, the trend accelerating in January. “Chinese authorities have indicated a willingness to loosen monetary policy to deal with deflation with PBoC governor Pan signalling an openness to cut, but the timing remains uncertain. Our forecast has been to expect the LPR to be cut in Q1′24 but the odds of it being...