European markets failed to hold onto gains by the market close, on the back of weakness seen in U.S. markets and a mixed batch of earnings.
Asian markets were mostly lower on Tuesday, as pussyfoot investors look to the Federal Reserve chair's two-day congressional testimony.
A strike that has shut down operations at a northern Chilean copper mine Escondida.
Workers at BHP Billiton's Escondida copper mine in Chile, the world's largest, walked off the job on Thursday.
Paul Bartholomew of S&P Global Platts says the rally in commodity prices helped to drive the strong showing from Rio Tinto.
BHP Billiton has begun halting operations at its Escondida copper mine in northern Chile.
Alex Leyland, portfolio manager at Leyland Private Asset Management, says Rio Tinto's cost discipline and higher iron ore prices made for strong results.
European stocks closed higher on Wednesday as the earnings season continued to be the main focus for investors.
David Lennox, resources analyst at Fat Prophets, expects Australian iron ore miner Rio Tinto to report a full-year profit of $4.7-5 billion.
The main union at BHP Billiton's Escondida copper mine said that negotiations mediated by the Chilean government have failed.
The "Fast Money" traders discuss the trade on coal stocks.
“Fast Money Halftime Report” trader Pete Najarian discusses unusual options activity in Rio Tinto.
Some of the names on the move ahead of the open.
European markets mostly lower on Tuesday afternoon after U.K. PM May outlined her priorities for the upcoming Brexit negotiations.
Asian shares were mostly positive on Wednesday as investors prepare for Donald Trump's first full press conference as president-elect.
Europe shares closed slightly higher on Tuesday afternoon as investors reacted to fresh data from China and volatility in currency markets.
Asian shares were higher on Monday, following the Dow Jones coming within inches of hitting the 20,000 mark during last Friday's session.
Asian shares were mixed on Wednesday, with South Korea's shares dropping as its political scandal grew and Toshiba plunges 20 percent.
Resources companies were one of the biggest victims when animal spirits were at their worst, could they now be set to gain?
Speaking from the 2016 Sohn London Investment Conference, selections ranged from commodity-oriented equities to retail to software and beyond.