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Despite overtures to Donald Trump’s reciprocal tariffs leaking out from the U.S. early this week, Australian shares look bound for a Tuesday bounceback.
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Monday’s gruelling rundown was one of the worst trade days of 2025, with the local bourse shaving as much as 1.7% in value. For some, that presents a buying opportunity – and ASX 200 futures point to just that ahead of today’s bell.
When trade begins at 10am, the market should move 0.5% higher, to 7,900 points.
That sits in line with Wall Street, where the S&P 500 added 0.6%; the Dow Jones rose 1%.
Also coming up today is the RBA board’s rate call: While some may want another trim, it’s more likely to be a hold – and no, that’s not a HotCopper April Fool’s joke.
In company news, HotCopper users are already closely watching Metal Hawk (ASX:MHK) this morning after the WA explorer wrapped up its heritage survey at Leinster South; drilling is now expected to begin “as soon as possible.”
Summit Minerals (ASX:SUM) will also trend after new CEO Matthew Cobb said he’s seen “significant upsides” for the company’s Brazilian portfolio and Equador projects.
Elsewhere, Southern Cross Electrical Engineering (ASX:SXE) has today struck a bargain with Anacacia to pick up a majority stake in Force Fire for $5.3 million.
Brightstar (ASX:BTR) has also landed a win with gold pours that “exceeded expectations.”
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Looking at forex, the Aussie dollar is buying 62.4 US cents.
To commodities, which are in the greenback,
Iron Ore has dropped $2 a tonne to sell at $101.05 in Singapore,
Brent Crude is trading at $74.71,
Gold has added a little more value, to $3,145 per ounce, and,
US natgas futures are selling 1.6% higher, at around $4.13 per gigajoule.
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