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Market Open: Cyclone Narelle impacts, no Iran ceasefire, Nasdaq correction pile up to end WK13 hope | March 27
The Market Online· 2026-03-26 21:32
Market Overview - The Australian stock market is expected to open with a decline of -0.9% due to geopolitical tensions surrounding U.S.-Iran relations and the impact of Tropical Cyclone Narelle on LNG operations [1][3] - U.S. markets have experienced significant losses, with the Dow Jones down -1%, S&P 500 down -1.7%, and Nasdaq composite down -2.4%, marking a correction for the tech-heavy index [3] Energy Sector - The energy sector in Australia has been volatile, recently rebounding on the assumption that conflict will continue [5] - Woodside and Chevron have paused operations at their North West Shelf and Gorgon/Wheatstone projects, respectively, due to the cyclone [6] Company News - KMD Brands has extended its trading halt, indicating it is not ready to announce details regarding its capital raise [5] - Valiant Gold is set to list today, aiming to raise approximately $75 million at an initial offering price of 25 cents per share [6] Commodities - Iron Ore prices have increased by +2.3%, currently at $107.45 per tonne [7] - Brent Crude has risen by +4.79%, priced at $107.11 per barrel [7] - Gold is trading at $4,391 per ounce, while U.S. natural gas futures are up +0.6% to $2.97 per gigajoule [7]
Market Open: Oil on watch after ships struck near Strait of Hormuz; Dow’s lowest close this year | March 12
The Market Online· 2026-03-11 21:30
Market Overview - Australian shares are expected to decline following a drop in Wall Street and the Dow Jones, which is at its lowest this year [1][2] - The ongoing conflict in the Middle East is contributing to market instability, affecting major indices like the Dow, S&P 500, and Nasdaq [2][4] Oil Market Insights - Oil prices are under pressure due to missile strikes on three commercial ships near the Strait of Hormuz, with Brent crude currently around US$93 per barrel [3][4] - The International Energy Agency (IEA) is set to release approximately 400 million barrels from strategic reserves, indicating concerns over oil price stability [3][4] Company News - Anthropic, an artificial intelligence company, plans to establish new operations in Sydney and is seeking partnerships with local policymakers and customers [5] - Lynas Rare Earths (ASX:LYC) has seen a 30% increase in stock price over the past month after signing a long-term supply agreement with Japan Australian Rare Earths, with a floor price of US$110 per kilogram for rare earths [6] - South32 (ASX:S32) is positioned to acquire BHP's $1 billion West Musgrave project, focusing on copper opportunities [6] - Marimaca Copper Corp (ASX:MC2) has reported significant drilling results at its Pampa Medina deposit in Chile, indicating potential for further exploration [6] Commodity Prices - The Australian dollar is trading at US$0.715 [7] - Iron ore prices have increased by 0.5%, currently at $104.25 per tonne [7] - Brent crude has risen by 6%, now priced at $93.03 per barrel [7] - Gold is trading at $5,192 per ounce [7] - US natural gas futures have increased by 6.9%, reaching $3.22 per gigajoule [8]
Market Open: Iran crisis sees global markets (and Oz) stay lower; oil, safe gold both booming | March 3
The Market Online· 2026-03-02 21:32
Market Overview - Australian shares are expected to drop by 20 points, following a global trend influenced by geopolitical tensions, particularly the U.S. and Israel's actions in Iran [1] - Oil prices have surged since the onset of the conflict, with gold and the U.S. dollar also experiencing increases [2] - Major global indices like the FTSE and Stoxx 600 have seen declines between -1.2% and -1.6%, while the Nikkei has retreated similarly [3] Commodity and Currency Insights - The Australian dollar is trading at US 70.8 cents [9] - Iron ore prices have increased by 0.7%, now at $99.10 per tonne, while Brent crude oil has risen by 7% to $78.41 per barrel [9] - Gold is priced at $5,452 per ounce, and U.S. natural gas futures are up by 4.5%, reaching $2.98 per gigajoule [9] Company Updates - Atomic Eagle (ASX:AEU) reported a 24% increase in uranium resources at Muntanga, Zambia, following initial drilling [6] - Brazilian Critical Minerals (ASX:BCM) confirmed continuous rare earth mineralization over an 82 km² area at the Ema project in Apuí [6] - Pioneer Minerals (ASX:PMM) achieved surface results with uranium concentrate returns up to 4,257 ppm at Countryline, indicating potential for further exploration [7] - Leeuwin Metals (ASX:LM1) is expanding its drilling at Evanston, yielding significant gold intercepts within the top 100 meters, suggesting additional resource growth [7] - Life360 (ASX:360) is set to release its quarterly results [8]
Market Open: US-Iran tensions drag down equities, hike oil and gold; Aussie reporting continues | Feb 20
The Market Online· 2026-02-19 21:34
Company Updates - Rio Tinto (ASX: RIO) has committed to a "stronger, sharper, simpler" strategy focusing on iron ore, copper, and industrial metals after abandoning talks with Glencore [5] - Telstra (ASX: TLS) reported a 9.4% increase in net profits to $1.1 billion but cautioned that overinvestment in AI could be "risky" [5] - APA Group (ASX: APA) CEO Adam Watson defended the company's $480 million East Coast pipeline commitments, stating that government actions are crucial for the project's success [5] - QBE (ASX: QBE) has reported a 20% increase in profits [6] Market Trends - The ASX is experiencing a decline of -0.33% as global equities soften, influenced by rising tensions between the U.S. and Iran [1] - ASX futures are closely following Wall Street trends, with the S&P 500 and Nasdaq both down -0.3% [2] - Iron ore prices have decreased by -0.4%, now selling at $95.35 per tonne [7] - Brent Crude has increased by +1.5%, priced at $71.29 per barrel, while gold is up to $5,011 per ounce [7]
Market Open: Crimson Friday looms, with ASX now bound for 100pt+ nosedive | Feb 6
The Market Online· 2026-02-05 21:42
Market Overview - The ASX is expected to open down by -1.2%, influenced by declines in Wall Street [1] - The Nasdaq fell -1.6% amid a tech selloff, while the S&P and Dow both dropped -1.2% [2] - Global markets also experienced losses, with London down -0.9% and the Stoxx index down -1% [3] Commodities - Gold prices remained steady but slightly down, while silver saw a significant drop of -12.5%, trading at US$73.83/oz [4] - Iron Ore prices decreased by -1.9%, selling at $100.65 per tonne [7] - Brent Crude oil fell by -3%, now priced at $67.31 per barrel [7] Company News - Rio Tinto has abandoned merger talks with Glencore, which would have created the world's largest mining company; Rio Tinto's stock fell -2.6% in London, while Glencore's dropped -11% [5] - Advance Metals reported successful historic sampling tests at its Yoquivo silver-gold project, potentially leading to a resource upgrade next month [6] - MGX Resources completed a half-split acquisition of the Central Tanami gold project in the Northern Territory [6] - REA Group and Syntara are among the companies reporting today [6]
Market Open: The aftermath of first Reserve Bank ‘hike’ decision since CY23 | Feb 4
The Market Online· 2026-02-03 21:27
Market Overview - The Reserve Bank of Australia (RBA) has increased the official cash rate to 3.85%, marking the first rate hike in over two years [2] - ASX 200 futures indicate a potential 40-point decline for Australian shares following the RBA's decision [1] - Wall Street's tech sector has faced a selloff, with the Nasdaq dropping as much as 1.4% due to concerns over potential AI disruptions [2] Company News - Resource Minister Madeleine King has warned that China's pause on rare earth controls may not last, impacting miners like BHP (ASX:BHP) and Rio Tinto (ASX:RIO) [5] - Rio Tinto's Australian listing has decreased nearly 2% amid Glencore merger discussions, while its London listing has increased by 9% [5] - Credit Corp (ASX:CCP) CEO Thomas Beregi stated that the company's bid for Humm Group (ASX:HUM) is not expected to be made public until finalized [6] - Synlait Milk (ASX:SM1) reported a net loss of NZ$82 million for the six months ending January 31 due to manufacturing issues [6] - Amcor Plc (ASX:AMC) is set to announce its earnings to shareholders today [6] Commodity and Forex Updates - The Australian dollar has risen above US 70 cents [7] - Iron ore prices are stable at $102.80 per tonne in Singapore [7] - Brent crude oil has increased by 3% to $68.08 per barrel [7] - Gold prices have surged to $5,054 per ounce [7] - US natural gas futures have risen by 4.2% to $3.37 per gigajoule [8]
Market Open: Wall Street records keep Oz shares in rally; key inflation print today | Jan 28
The Market Online· 2026-01-27 21:09
Market Overview - Australian shares are expected to advance at open, continuing the Week 5 rally, driven by the S&P 500 setting records and anticipation for upcoming inflation data [1][2] - Analysts describe the upcoming quarterly inflation report as "make or break," with expectations set at a threshold of 0.8% for potential RBA rate hikes [2][3] Company News - BHP has reclaimed its position as Australia's most valuable listed company, surpassing Commonwealth Bank, with a year-over-year increase of +26%, while CBA has seen a decline of over -20% since mid-CY25 [5] - DroneShield has experienced a -12% drop this week due to a reported shrinkage in its sales pipeline, although it remains up +35.7% year-to-date [5] - Humm Group's investor Akat Investments has requested an investigation by the Takeovers Panel regarding Credit Corp's offer from the previous year, focusing on the takeover's timeline [5] Commodities and Forex - The Australian dollar is trading at 70 cents to the U.S. dollar, a level anticipated for CY26, reached sooner than expected [7] - In commodities, Iron Ore is down -0.1% at $103.55 per tonne, Brent Crude is up +2.9% at $67.44 per barrel, Gold is priced at $5,166 per ounce, and US natural gas futures have retreated -4% to $6.49 per gigajoule [7]
ASX Market Open: Markets move on Trump launching stunning legal attack on Fed chair Powell | Jan 13
The Market Online· 2026-01-12 21:28
Company News - BHP (ASX:BHP) is now within 8% of Commonwealth Bank's (ASX:CBA) lead on the S&P/ASX200 index, following a +30% rally over the last six months [4] - Resources Minister Madeleine King has expressed support for Rio Tinto's (ASX:RIO) mining mega-merger with Glencore, provided that Australia remains a focus [4] - Lunnon Metals (ASX:LM8) has reported finding "multiple significant, high-grade hits down plunge" at Lady Herial, attracting attention on HotCopper forums [5] - Miramar (ASX:M2R) has identified additional gold/copper targets at Lorraine [5] Market Overview - The Australian shares are projected to advance by +0.33% this Tuesday morning, influenced by global markets [1] - The S&P 500 reached another high, increasing by +0.2%, while the Dow Jones and Nasdaq composite rose by +0.4% [2] - European markets also saw gains, with London and the Stoxx both up by +0.2%, and Japan's market increased by +1.6% [2] Commodities - Iron Ore prices have held steady, rising by +0.5% to $109 per tonne in Singapore [6] - Brent Crude oil increased by +1% to $63.96 per barrel [6] - Gold is priced at $4,608 per ounce [6] - US natural gas futures rebounded by +6.8% to $3.38 per gigajoule [6]
ASX Market Open: A little Chrissy cheer in shortened Week 52… and not much else | Dec 22
The Market Online· 2025-12-21 22:06
Company Developments - IGO Ltd (ASX:IGO) has commenced construction of its new lithium plant at Greenbushes, with a projected capacity of approximately 500,000 tonnes per year of spodumene concentrate [5] - Champion Iron (ASX:CIA) is pursuing the acquisition of Norwegian iron ore producer Rana Gruber for around US$289 million, marking an overseas expansion [5] - Monadelphous has been selected to assist Rio Tinto (ASX:RIO) in building a significant link at the Brockman Syncline iron development in Western Australia [6] - Eminence Minerals (ASX:EMA) has concluded its hearing with the Aboriginal Cultural Heritage Committee regarding two new Aboriginal sites near the Hamersley Iron Ore Project, with findings expected in early 2026 [6] Market Overview - Australian shares are up by 0.5% at the start of the last week of the year, influenced by the upcoming holiday breaks [1] - The major U.S. indices have shown positive performance, with the S&P gaining 0.9%, the Dow Jones advancing 0.4%, and the Nasdaq increasing by 1.4% due to AI-related gains [3] - European markets also experienced gains, with the Eurostoxx up by 0.4% and the FTSE adding 0.6% [3] Commodity Prices - The Australian dollar is trading at 66.1 U.S. cents [7] - Iron ore prices have decreased by approximately 0.4%, now at $104.50 per tonne in Singapore [7] - Brent crude remains stable at $60.47 per barrel [7] - Gold is priced at $4,350 per ounce [7] - U.S. natural gas futures have increased by 2%, reaching $3.98 per gigajoule [7]
ASX Market Open: Spluttering Oz shares not doing much of anything pre-holidays | Dec 16
The Market Online· 2025-12-15 21:38
Market Overview - Australian shares are flat, with the ASX shaving less than five points at the open, indicating a lackluster close for CY25 [1] - The ASX 200 is following Wall Street lower, with the Nasdaq down -0.5% [2] IPO Performance - Recent IPOs such as Saluda Medical (ASX:SLD), Epiminder (ASX:EPI), and Carma (ASX:CMA) have seen significant declines, dropping as much as -20% since their debut [4] - Upcoming IPOs include Advance Energy Minerals and Equus Energy scheduled for Thursday, and Channel Infrastructure, Trade Window Holdings, and Unity Metals lined up for Friday [5] Company News - Venari Minerals (ASX:VMS) announced the discovery of the "highest-grade lithium intersection to date" at its Red Mountain project in Nevada [5] - Predictive Discovery (ASX:PDI) confirmed a new bid from Robex Resources (ASX:RXR), making Perseus Mining's (ASX:PRU) mid-December bid "no longer superior" [6] - Orica (ASX:ORI) is holding its AGM today [6] Commodity Prices - The Australian dollar is trading at 66.4 U.S. cents [7] - Iron Ore prices retreated -0.5% to $101.45 per tonne, Brent Crude dropped -1.2% to $60.37 per barrel, Gold is at $4,309 per ounce, and US natgas futures fell -2.5% to $4.01 per gigajoule [7]