The Motley Fool

Why on Earth would BHP Billiton plc & Rio Tinto plc rally on a weak US jobs number?

Shares in Rio Tinto (LSE: RIO) and BHP Billiton (LSE: BLT) soared in the wake of data showing the US economy created just 38,000 jobs in May. This could indicate the world’s largest economy is slowing, so why would cyclical shares like miners rise on such seemingly bad news?

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Owain Bennallack owns shares of BHP Billiton. The Motley Fool UK has recommended Rio Tinto. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.