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Futures are pointing to another green day for the ASX 200 today, with the Aussie share market expected to rise as much as 0.7% when the open bell rings.
Much of the week’s rollercoaster has been focused around Trump’s trade war tariff posturing and with it becoming clear they won’t be heavily applied to Canada, Mexico, and China any time soon, investors are getting bullish.
It also helps that Trump seems to have turned his focus to the Middle East.
That’s not without its impact, of course, especially after the U.S. President reportedly wanted to “blow Iran to smithereens,” but that mainly weighed on oil prices.
(More on this later, but Brent Crude has sagged to under US$75 after the reports.)
Another anchor on certain sectors – in this case, Oz tech – has been Alphabet’s 8% dive. The Google parent company has been flogged through Wednesday (in the U.S.) after a very disappointing earnings report.
The Bank of England will also impact markets – the U.K. central bank will cut rates by 25 basis points in a meeting today, which would drop the key rate to 4.5%.
Back home, Beach Energy (ASX:BPT), REA Group (ASX:REA), and News Corp (ASX:NWS) will be the latest companies to share half-year results this month.
Apollo Minerals (ASX:AON) is set to bank as much as $2 million after Capital DI Limited and key supporters invested $1.45 million in a 143M-share shortfall offer.
Copper and uranium miner Antares Metals (ASX:AM5) will be one to watch on the HotCopper forums today too after it spotted several “top” targets at Conglomerate Creek.
Elsewhere, there’s whispers that the market may see a crypto asset exchange operator, Bullish Global, join the ASX in an interesting IPO. There’s no date quite yet and HotCopper would suggest a 2026 debut is most likely.
We’re also getting key economic data today: The monthly goods trade balance is releasing at 11.30am; those stats are expected to show a surplus.
Looking at forex, the Aussie dollar is buying 62.8 US cents.
To commodities, which are in the greenback,
Iron Ore gave back 1% to sell at $103.95 a tonne in Singapore,
Brent Crude is trading at $74.66 after Trump’s aforementioned Iran plans.
Gold is trading at $2,868 per ounce, and,
US natgas futures are at $3.35 per gigajoule.
That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.
