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Australian shares are today heading for a 0.5% rise, despite RBA and Trump headwinds.
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If global markets – and the local bourse – are feeling the jitters from the RBA yesterday holding rates, the Federal Reserve speaking on tariff policy “fog,” and Trump’s impending “Liberation Day,” it’s not having much of an impact yet.
Instead, Wall Street stocks have mostly enjoyed a bump, with the S&P 500 adding 0.4% to close today. The Nasdaq composite was even better, gaining 0.87%.
There is an element that everyone’s keeping powder dry for Trump’s tariffs too though.
D-Day on that front is 7am Thursday, so circle your Week 14 calendars for then.
Before all the Trump-led “Liberation Day” fireworks though, there’s Wednesday’s trade day to get through – and several companies are leading the way there.
First up, Beach Energy (ASX:BPT) CEO Brett Woods has warned cutting LNG exports to bolster east coast supply would be “an own goal” by the Coalition – and he shot barbs at any Aussie politicians who oppose local gas supply projects.
HMC Capital (ASX:HMC) boss David Di Pilla has pledged to keep Healthscope and its 38 hospitals running should his company’s 40c-to-the-dollar bid go through.
Lithium and uranium stocks will be closely watched across HotCopper forums today, especially after two Oz trader favourites, Pilbara Minerals (ASX:PLS) and Paladin Energy (ASX:PDN), lost as much as -5.7% through yesterday.
RBA assistant governor Christopher Kent also has a speech lined up for 10.25am today.
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Looking at forex, the Aussie dollar is buying 62.7 US cents.
To commodities, which are in the greenback,
Iron Ore is back in the green, selling at $102.70 a tonne in Singapore,
Brent Crude is trading at $74.43,
Gold has hovered around its same price, $3,131 per ounce, and,
US natgas futures have dived 4.1% to sell at around $3.95 per gigajoule.
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