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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
Join our daily newsletter At The Bell to receive exclusive market insightsASX today – Australian shares have all but halted any movement heading towards open, with ASX 200 futures pointing to a 0.5-point tick-up as Oz traders hold their breath for the pivotal CPI print coming out before lunchtime.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.The third-quarter consumer price index will form the cornerst ...
ASX Market Open: Wall Street tech drop keeps Aussies skittish; week’s sharp gold dump not done yet | Oct 23
The Market Online· 2025-10-22 21:42
Join our daily newsletter At The Bell to receive exclusive market insightsASX today – A technology-themed selloff over the pond in the U.S. is dampening Australian investors’ spirits somewhat, with the ASX 200 heading towards a -0.32% downtrend once the bourse opens on Thursday morning.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.While Australian shares aren’t especially tech-exposed, the dip on Wall ...
ASX Market Open: October’s gold, silver rally runs straight into brick wall | Oct 22
The Market Online· 2025-10-21 21:34
Join our daily newsletter At The Bell to receive exclusive market insightsASX today – Australian shares are heading towards a -0.55% dip at open, with sentiments souring as the gold, silver, and platinum rally that’s been buoying much of the bourse through October ran out of steam.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.Heading into Wednesday, gold’s spot price has been whacked with its worst sin ...
ASX Market Open: ‘Great success’ as Albo meets with Trump, signs historic critical minerals deal | Oct 21
The Market Online· 2025-10-20 21:33
Core Insights - The meeting between Australian Prime Minister Anthony Albanese and former U.S. President Donald Trump focused on critical minerals and reaffirmed the AUKUS partnership, resulting in a new critical minerals deal valued at up to US$8.5 billion [3]. Market Reactions - Following the meeting, the ASX saw a positive shift, climbing +0.5% in futures, while Wall Street indices (Dow, S&P, Nasdaq) experienced gains between +1% and +1.4% [4]. Companies to Watch - Arafura Rare Earths (ASX:ARU) and Lynas Rare Earths (ASX:LYC) are highlighted as key companies to monitor due to their involvement in the Trump-Albo rare earths deal [5]. - Other notable companies in the rare earths sector include Iluka Resources (ASX:ILU), Meeka Metals (ASX:MEK), and Caprice Resources (ASX:CRS) [5]. Additional Developments - Yari Minerals (ASX:YAR) has commenced its first drilling at the Rolleston South Coal Project [6]. - Super Retail (ASX:SUL) appointed Paul Bradshaw as the new managing director for BCF, marking a significant leadership change [6]. Commodity Prices - The Australian dollar is trading at 65.1 U.S. cents, while iron ore prices have slightly decreased by -0.1% to $103.80 per tonne [7]. - Brent crude oil is down -0.7% at $60.93 per barrel, and gold prices have increased to $4,366 per ounce [7].
ASX Market Open: Piddling tick-down not enough to peel ASX away from flat start to Week 43 | Oct 20
The Market Online· 2025-10-19 21:26
Market Overview - Australian shares are expected to see a slight decline of three points as futures indicate a -0.03% change, reflecting a pause after recent volatility in the U.S. market [2][3] - The Australian dollar is currently trading at 64.9 U.S. cents, while commodities show mixed results with iron ore down -0.9% to $103.95 per tonne and Brent crude down -0.4% at $61.29 per barrel [6] Key Events and Company Updates - The Reserve Bank of Australia's assistant governor is scheduled to speak, which may provide insights into potential rate cuts in November [3] - Gold miners are under close watch as gold prices have seen their largest weekly gain in five years, potentially benefiting silver-exposed explorers as well [4] - Infratil has acquired a 4.92% stake in Contact Energy for $437.7 million, increasing its control to 14% of the New Zealand energy provider [4] - Tabcorp shareholders are contesting a controversial $18 million bonus for CEO Gillon McLachlan, labeling it as "outlandish" and unearned [5] - Several new ASX floats are anticipated this week, including Desert Minerals and PC Gold on Tuesday and Temas Resource Corp on Thursday [5] Commodity Insights - Gold prices are currently at $4,262 per ounce, indicating strong performance in the precious metals market [6] - U.S. natural gas futures have increased by +2.8% to $3 per gigajoule, reflecting a positive trend in energy commodities [6]
ASX Market Open: Rallying Oz happy to ignore Wall Street’s Trump-Beijing worries | Oct 15
The Market Online· 2025-10-14 21:40
Market Overview - Australian shares are expected to open with a +0.9% rally, showing resilience despite a challenging session on Wall Street where the Dow Jones rose while the S&P 500 and Nasdaq composite fell [1] - U.S. market concerns stem from Trump's comments on China not purchasing American soybeans and Federal Reserve Chairman Jerome Powell's worries about U.S. job markets [2][3] Company News - Westpac (ASX:WBC) has been relieved from holding an additional $500 million in capital, a requirement imposed by APRA in 2019 due to previous compliance failures [4] - Red Mountain Mining (ASX:RMX) reported results that support its exploration model at Oaky Creek, targeting a vein-style orogenic antimony-gold deposit [4] - Commonwealth Bank (ASX:CBA) is focusing on succession planning during its AGM [5] - Bank of Queensland (ASX:BOQ) is set to report earnings today [5] Commodity and Forex Update - The Australian dollar is trading at 64.8 U.S. cents [6] - Iron ore prices have decreased by -2.3% to $105.30 per tonne, while Brent crude oil is down -1.7% to $62.26 per barrel [6] - Gold prices have surged to $4,152 per ounce, indicating strong demand [6] - U.S. natural gas futures have dropped -2.3% to $3.02 per gigajoule [6]
ASX Market Open: Tariffs one day, ‘TACO’ the next, and stocks run back in the green | Oct 14
The Market Online· 2025-10-13 21:29
Core Insights - The article discusses the recent shift in U.S. President Trump's stance on tariffs against China, which has led to renewed investor confidence and market gains [2][3]. Market Reactions - Following Trump's comments, the S&P 500 increased by +1.56%, while the Dow and Nasdaq rose by +1.2% and +2.2% respectively, indicating a positive market response [3]. - ASX futures are pointing to a +0.25% advance, suggesting a similar positive sentiment in the Australian market [3]. U.S.-China Relations - Despite the market optimism, tensions between the U.S. and China remain unresolved, particularly with China's rare earths curbs still in place [4]. Company Highlights - Telstra (ASX:TLS) is expected to make headlines during its AGM, where CEO Vicki Brady will address recent developments involving Australian telco leaders [5]. - ANZ Group (ASX:ANZ) is undergoing a transformation under new CEO Nuno Matos, aiming to surpass NAB (ASX:NAB) and Westpac (ASX:WBC) in the 'big four' hierarchy by 2030 [5]. - Toro Energy (ASX:TOE) saw a significant increase of +39% on news of a potential buyout by IsoEnergy [6]. - Kula Gold (ASX:KGD) has received a bid implementation deed from Forrestania Resources (ASX:FRS) for the acquisition of its shares [6]. Commodity Prices - The Australian dollar is trading at 65.1 U.S. cents [7]. - Iron Ore prices increased by +1.4% to $106.50 per tonne, Brent Crude rose by +1.9% to $63.39 per barrel, and Gold remains high at $4,127 per ounce [7].
ASX Market Open: Gold cracks $4K; markets stall on latest Wall Street highs | Oct 8
The Market Online· 2025-10-07 21:24
Market Overview - Australian shares are projected to gain a modest +0.03% on Wednesday, influenced by a stall in the Wall Street rally, which has also contributed to gold surpassing the $4,000 level [1][2] - The S&P 500 and Nasdaq composite reached intraday highs, but there are growing concerns that the market may be "a little too overenthusiastic" about the current equity surge [2] Gold Market Insights - Gold has recently surpassed $4,000 an ounce, reflecting a strong demand as investors seek safe-haven assets, although it dipped back slightly [3] - Gold is now confirmed as Australia's second most valuable export, following iron ore [3] Companies to Watch - Companies in the gold sector, such as Bellevue Gold (ASX:BGL), Evolution Mining (ASX:EVN), and Northern Star Resources (ASX:NST), are highlighted as key players to monitor due to the rising gold prices [5] - Emerging companies like Caprice Resources (ASX:CRS) and New Murchison Gold (ASX:NMG) have also gained attention in recent weeks [5] Exchange Developments - ASX Ltd (ASX:ASX) faces competition as ASIC has approved rival exchange CBOE to list Australian companies on its platform [6] - Green and Gold Minerals is set to become the latest ASX company, with its shares offered at 20 cents each [6] Commodity Prices - The Australian dollar is trading at 65.8 U.S. cents [7] - Iron ore remains stable at $104.10 per tonne, while Brent crude oil has increased by +0.5% to $65.77 per barrel [7] - Gold is currently priced at $3,998 an ounce, and US natural gas futures have risen by +4.9% to $3.52 per gigajoule [7]
ASX Market Open: Wall Street rockets to new records, Oz traders trail in wake | Sep 19
The Market Online· 2025-09-18 22:47
Market Overview - Wall Street has reached new intraday highs following a Federal Reserve rate cut, with optimism reflected in global markets including Australia [1][2] - The ASX 200 futures are expected to open approximately +0.57% higher, aligning with U.S. index movements, particularly the S&P 500 which rose +0.48% [2] - Global equity markets are experiencing a similar upward trend, with London's FTSE 100 rising +0.2% and the Nikkei 225 increasing by +1.1% [3] Company News - Analysts suggest that the recent pullback in Santos (ASX:STO) shares, which fell to $6.74, is overly bearish following a failed Middle Eastern takeover [5] - Woodside Energy (ASX:WDS) is also noted to have suffered significant value loss despite recent weak results [5] - Equinox Resources (ASX:EQN) has signed away the Alturas Project for C$300,000 in cash and C$400,000 in shares [6] - Kula Gold (ASX:KGD) has reported visible gold at its Mt Palmer project, although the company's managing director remains cautious before assays [6] - Perseus Mining (ASX:PRU) has received presidential authority to commence operations at its Yaouré Gold Mine in Côte d'Ivoire [6] Commodities and Forex - The Australian dollar is trading at 66.1 U.S. cents [7] - Iron Ore prices have decreased by -0.3% to $105.60 per tonne, while Brent Crude is priced at $67.47 per barrel [7] - Gold prices have continued to decline, currently at $3,645, and U.S. natural gas futures have dropped -5% to $2.94 per gigajoule [7]