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After barely edging into the green late yesterday, Australian shares are now expected to open Tuesday trade down again – ASX 200 futures are pointing to a 0.33% decline once 10am rolls around in Sydney this morning.
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There was some buzz upwards in the U.S. overnight as investors looked to buy the late February dip, but that slowly vanished as the final bell loomed up.
The Dow Jones gave back 0.4% while the Nasdaq sagged as much as 0.5% today.
Gold went the other way though, landing a ninth top-mark finish – more on that later.
There’s a real skittishness on Wall Street ahead of Nivida’s reporting on Wednesday (Thursday for us); U.S. indices basically moved with the stock.
Traders will watch company reporting closely back home in Oz too, of course, with the February reporting season slowly wrapping up.
Today: Domino’s (ASX:DMP), Nine Entertainment (ASX:NEC), Platinum Asset Management (ASX:PTM), Woodside Energy (ASX:WDS), and Zip Co (ASX:ZIP).
Nine will be one to watch closely considering it may soon sell its real estate arm, Domain Holdings. U.S. leader CoStar Group is looking to get into the Aussie market through a sale there; it offered $1.7 billion on Friday.
WiseTech Global (ASX:WTC) too will be on the watchlists after investors wiped as much as $10 billion from its market valuation after four board members quit.
More market news
More White: WiseTech survived a sex scandal. It can’t shake off a director walk-out
Baxter: Why interest rate cuts are bad news for the Australian economy
Elsewhere, the Albanese government is working on new laws to create a “universal outdoor mobile obligation” which would require Telstra (ASX:TLS), TPG Telecom (ASX:TPG), and Optus to ensure rural Aus has voice and text service.
Over to forex, the Aussie dollar is buying 63.4 US cents.
To commodities, which are in the greenback,
Iron Ore has held firm around $108.30 a tonne in Singapore,
Brent Crude is trading at $74.73,
Gold, as mentioned earlier, is trading at $2,962 per ounce – the ninth time in 2025 the safe haven metal has hit an all-time high, and,
US natgas futures are down 5.2%, to $4.01 per gigajoule.
That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.
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