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ASX Market Open: Spluttering Oz shares not doing much of anything pre-holidays | Dec 16
The Market Online· 2025-12-15 21:38
Join our daily newsletter At The Bell to receive exclusive market insightsASX today – Australian shares are flat on Tuesday, with the bourse shaving less than five points into open this morning as CY25 trade now looks to close out with a spluttering whimper rather than any big bust or boom.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.It all feels like there’s a whole lot of nerves getting around, whic ...
ASX Market Open: Tech fumble on Wall Street to seep into Week 51 opening | Dec 15
The Market Online· 2025-12-14 21:43
Market Overview - Australian shares are expected to decline on Monday, with futures down by approximately -0.5% to around 8,650 points, influenced by tech misses on Wall Street affecting AI-related companies [1][2] - The S&P 500 dropped over -1%, the Dow fell -0.5%, and the Nasdaq experienced a significant decline of -1.7%, indicating a broader market downturn [3] Economic Indicators - Key global data releases this week include China's retail sales, production, and infrastructure updates, as well as delayed U.S. payrolls due to a government shutdown, which are set to be released on Tuesday [4] - In Australia, consumer confidence data will be released on Tuesday, followed by third-quarter finance and wealth updates on Thursday [4] Company News - Rio Tinto (ASX: RIO) is abandoning its lithium plans, relinquishing nearly 150,000 hectares in Western Australia and is reportedly looking to sell its mothballed Mt Cattlin lithium mine [5] - Treasurer Jim Chalmers is implementing measures against price gouging, introducing fines for Woolworths (ASX: WOW) and Coles (ASX: COL), while the federal government prepares to ban excessive pricing [6] - Finder Energy (ASX: FDR) has made a significant acquisition of the "Petrojarl," a floating production storage and offloading vessel [6] - Bastion Minerals (ASX: BMO) has received exploration consent from the Ross River Dena Council, marking the Yukon region in Canada as "open for business" [7] - Pinnacle (ASX: PIM) has appointed William Witham as CEO [7] Commodity Prices - The Australian dollar is trading at 66.4 U.S. cents [8] - Iron Ore prices have decreased by -1% to $100.45 per tonne in Singapore [8] - Brent Crude oil has dropped -0.3% to $61.12 per barrel [8] - Gold is priced at $4,312 per ounce [8] - U.S. natural gas futures have fallen -2.8% this week to $4.11 per gigajoule [8]
ASX Market Open: First advance to come for W50 despite RBA halting relief cycle | Dec 10
The Market Online· 2025-12-09 21:47
Market Overview - Australian shares are set for their first advance of Week 50, despite the Reserve Bank halting its rate relief cycle and warnings against expecting rate cuts soon [1] - ASX 200 futures indicate a +0.25% rise, while Wall Street has also shown positive movement, although traders remain divided ahead of the Fed's rate decision [2] Economic Indicators - Jerome Powell's potential rate cut in the U.S. is contributing to a more dovish market sentiment, with the S&P 500 approaching all-time highs from October [3] - The ASX is on track to reach three million fund investors by next year, with an additional 411,000 entering the ETF space this year [4] Company News - South32 is considering acquiring the West Musgrave mine from BHP Group, which is divesting most of its nickel assets; Sandfire Resources may also be interested [5] - KKR has reportedly been exploring the option to take Pepper Money private, but a spike in Pepper's value has complicated those plans [5] - Trigg Minerals has received permitting to drill at Antimony Canyon and will begin staging contractors at the site [6] - Wildcat Resources has intercepted mineralization at its Bolt Cutter Central lithium discovery [6] - Tempest is in the process of acquiring the Remorse iron deposit [6] Commodity Prices - The Australian dollar is trading at 66.4 U.S. cents [7] - Iron Ore has decreased by -0.2% to $101.85 per tonne, Brent Crude is down -0.8% to $61.98 per barrel, Gold is priced at $4,215 per ounce, and U.S. natural gas futures have dropped -7% to $4.57 per gigajoule [7]
ASX Market Open: Copper records take mining higher across the globe | Dec 4
The Market Online· 2025-12-03 21:31
Market Overview - Australian shares are projected to gain approximately +0.3% in futures, driven by a surge in copper prices, which have reached a record high in London [1][3] - The Dow Jones index in the U.S. saw a significant increase of +0.9%, while London's stock market experienced a slight decline of -0.1% [2] Commodity Insights - Copper prices have surged to an all-time high following Glencore's decision to reduce near-term output targets, which is expected to tighten supply in the short term [3] - Other commodities are also performing well, with iron ore up +0.4% to $104.30 per tonne, Brent crude oil gaining +0.6% to $62.83 per barrel, and gold priced at $4,212 per ounce [6] Company News - BHP (ASX:BHP) and Rio Tinto (ASX:RIO) are highlighted as key stocks to watch due to their +1.5% gains in London, benefiting from the rise in copper prices [4] - Nuix Limited (ASX:NXL) has announced an agreement to acquire Linkurious, a Paris-based AI decision platform that specializes in graph data visualization [4] - Lefroy Exploration (ASX:LEX) has commenced mining activities at Lucky Strike, with the first ore haulage expected in January next year [4] - 6K Additive Inc., a U.S.-based metal powders producer, is set to join the Australian stock exchange under the ticker "6KA," with an initial share price of $1 [5]
ASX Market Open: Bulls getting their way with a return to green arrows in Week 48 | Nov 25
The Market Online· 2025-11-24 21:29
Market Overview - Australian shares are experiencing a positive trend, with ASX 200 futures up by +0.5% [1] - U.S. indexes are also showing gains, with the Nasdaq increasing by +2.7% and the S&P adding +0.5% [3] - Predictions indicate a potential Federal Reserve rate cut in December, alleviating some market fears [3] Company News - Macquarie Bank is making a significant investment of $11.6 billion to acquire logistics operator Qube at a bid of $5.20 per share [5] - Santos is facing delays in its Narrabri gas project due to a Federal Court appeal, which has been postponed to calendar year 2026 [5] - The lithium market is experiencing a downturn, with companies like Liontown and Pilbara seeing losses of up to -6.5% following news of CATL restarting its Jianxiawo mine by early December [6] - Black Peark Group is set to float on the market, while Web Travel and Aspermont are scheduled to release quarterly reports [6] Commodity Prices - The Australian dollar is trading at 64.6 U.S. cents [7] - Iron Ore prices have increased by +1% to $105 per tonne [7] - Brent Crude oil is up by +1.4% to $63.42 per barrel [7] - Gold prices have resumed their rise, currently at $4,135 per ounce [7] - U.S. natural gas futures have decreased by -1.3% to $4.52 per gigajoule [7]
ASX Market Open: Dead cat bounce or well-timed dip buying? Global traders think its the latter | Nov 11
The Market Online· 2025-11-10 21:35
Market Overview - Australian shares are expected to open with a moderate gain of up to 60 points, reflecting a +0.65% increase as part of a 'buy the dip' rally [1] - The U.S. tech sector showed significant strength, with the Nasdaq composite rising by +2.29% and the S&P 500 increasing by +1.5% [3] Company News - Commonwealth Bank (ASX:CBA) reported a slight increase in first-quarter profits, maintaining profit after tax at $2.6 billion, supported by resilient lending despite tech-related costs being a drag [4] - Activeport Group (ASX:ATV) announced the launch of its NNI Exchange in the Middle East, projecting to unlock $112 billion in the overseas AI market [4] - Pilbara Minerals (ASX:PLS) was a standout gainer, increasing by +9% [5] - Rox Resources (ASX:RXL) has commenced underground mining at its Youanmi Gold Project, marking a significant operational milestone [5] - Coles (ASX:COL) and TPG (ASX:TPG) are holding Annual General Meetings today, which may influence their stock performance [5] Commodity and Forex Update - The Australian dollar is trading at 65.3 U.S. cents [6] - Iron Ore prices increased by +0.9% to $102.15 per tonne, Brent Crude rose by +0.6% to $64.02 per barrel, and Gold is priced at $4,117 per ounce [6]
ASX Market Open: ‘Buy-the-dip’ rally spreads from booming Wall Street all the way Down Under | Nov 6
The Market Online· 2025-11-05 21:39
Market Overview - Australian shares are set for a rebound with futures indicating a +0.76% advance, following a positive trend in Wall Street [1] - The Dow and S&P 500 gained around +0.4%, while the Nasdaq increased nearly +0.7% due to favorable jobs reports [2] Company News - Gold ETFs, such as "GOLD," are up +45% year-to-date despite recent price fluctuations in the gold market [4] - WiseTech Global (ASX:WTC) has warned ASIC about a significant stock sale by its founder [4] - Carma Ltd (ASX:CMA) experienced a -7.4% drop on its first trading day, closing at $2.50 per share [5] - NAB (ASX:NAB) is set to release its full-year results, while Amcor Plc (ASX:AMC) and Light and Wonder (ASX:LNW) are among the companies reporting quarterly results [5] Commodity Prices - The Australian dollar is trading at 65 U.S. cents [6] - Iron Ore prices remain stable at $103.55 per tonne [6] - Brent Crude oil has decreased by -1.4% to $63.54 per barrel [6] - Gold is priced at $3,986 per ounce [6] - U.S. natural gas futures have dropped -2.5% to $4.23 per gigajoule [6]
ASX Market Open: Bourse dawdles at six-week low after RBA’s widely priced-in ‘hold’ call | Nov 5
The Market Online· 2025-11-04 21:14
Market Overview - The Reserve Bank's decision to maintain interest rates has led to a lack of market drivers, causing Australian shares to drift [1][4] - The ASX 200 index has gained +0.14%, attempting to recover from a six-week low [2] - Investor sentiment has been affected by inflation concerns and a pause from the RBA, alongside a decline in U.S. markets, with the Dow down -0.5% and Nasdaq down -1.8% [3] Company News - Animoca, a crypto company, is planning a Nasdaq float after being banned from Australian trading five years ago [5] - IREN Ltd has signed a significant $9.7 billion deal with Microsoft Corp [5] - ANZ is involved in a dispute with trader Etienne Alexiou, who claims he would have earned $100 million if not for his dismissal [5] - Medibank is set to acquire Better Medical for up to $159 million, expanding its presence with 61 clinics across Australia [6] - Uranium stocks, including Nexgen Energy and Boss Energy, have been negatively impacted following a strong Q3 update from Kazatomprom, the world's largest uranium producer [6] Commodity Prices - The Australian dollar is trading at 64.8 U.S. cents [7] - Iron Ore prices have decreased by -1.5% to $103.45 per tonne [7] - Brent Crude oil has fallen -0.75% to $64.39 per barrel [7] - Gold prices continue to decline, currently at $3,943 per ounce [7] - U.S. natural gas futures have increased by +1.3% to $4.32 per gigajoule [7]
ASX Market Open: No chance for Melbourne Cup chop leaves Week 45 sentiments dragging early | Nov 3
The Market Online· 2025-11-02 21:34
Market Overview - The ASX is expected to open lower, with a projected decline of -0.4% due to rising inflation and a likely hold by the RBA on interest rates [3] - Recent inflation data indicates a significant core rise of over +1% through to September, contributing to market uncertainty [2][3] Company News - Westpac (ASX:WBC) reported a slight annual net profit decrease of 1%, totaling $6.92 billion, and is divesting its RAMS mortgage portfolio [4] - Coal magnate Matt Latimore is engaging with BlueScope Steel (ASX:BSL) and other international buyers regarding the acquisition of Whyalla, a major structural steel producer in Australia [5] - Mandrake Resources (ASX:MAN) secured an offtake agreement with Nasdaq-listed Stardust Power for its U.S. lithium refining operations [5] - Retailer Carma Limited is set to list on the stock exchange this Wednesday [5] Commodities and Forex - The Australian dollar is trading at 65.4 U.S. cents [6] - Iron Ore prices remain stable at $106.50 per tonne in Singapore [6] - Brent Crude oil has increased by +0.6% to $64.77 per barrel [6] - Gold prices have remained flat at $4,011 per ounce [6] - U.S. natural gas futures have risen by +4.2% to $4.12 per gigajoule [6]
ASX Market Open: Hesitation to come as Oz traders wait for pivotal CPI print | Oct 29
The Market Online· 2025-10-28 21:51
Market Overview - Australian shares are showing minimal movement ahead of the crucial CPI print, with ASX 200 futures indicating a slight increase of 0.5 points [1] - The third-quarter consumer price index is expected to influence the Reserve Bank's cash rate decision, scheduled for Melbourne Cup day next week [2] Inflation Expectations - Core inflation is anticipated to rise from 2.7% in June, with implications for the Reserve Bank's monetary policy depending on the CPI results [3] Company News - WiseTech Global (ASX:WTC) is under scrutiny following a raid by the Australian Federal Police over alleged insider trading, resulting in a significant drop of 15.9% in its share price [5] - Lynas Rare Earths (ASX:LYC) is reducing its September capital raise by $180 million for a new heavy rare earth separation facility in Malaysia [5] - Woolworths (ASX:WOW) is set to release its first-quarter update, coinciding with its upcoming AGM [6] - Energy Minister Chris Bowen has stated that the government will not engage in blame games regarding the Tomago aluminium smelter, emphasizing the need for Rio Tinto (ASX:RIO) to keep the facility operational beyond 2028 [6] - CSL Ltd (ASX:CSL) has experienced a 13% reduction in target price from one broker [6] Commodity and Forex Update - The Australian dollar is trading at 65.8 U.S. cents [7] - Iron Ore prices have increased by 0.8% to $106 per tonne [7] - Brent Crude has decreased by 1.7% to $64.47 per barrel [7] - Gold is currently priced at $3,959 per ounce, failing to surpass the $4,000 mark [7] - U.S. natural gas futures have dropped by 5.5% to $3.25 per gigajoule [7]