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Australian shares are heading into Week 40 in the green, according to ASX 200 futures, though whether that +0.4% gain holds through the trading week is up in the air, considering we have a Reserve Bank cut call looming.
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On Tuesday, the RBA will meet for its latest policy decision, and considering new messaging from Michele Bullock, it may well be a “hold” this time.
Recent inflation developments (not least Week 39’s higher-than-expected print) could well force the RBA’s hand – or rather, make sure they keep them steady, which could then see traders heading for the exits this week.
“There’s a real tension building in data flow,” CBA analysts wrote today.
Should that tension hit a boiling point, October may be the end of FY26’s first rally.
But, all that’s a little down the road, and we have plenty else coming out through the week alongside that 2.30pm rate decision on Tuesday as well.
Stats-wise, building approvals (for August) and private credit (same month) will also be released on Tuesday. Home prices are out Wednesday. Household spending and the RBA’s financial stability review release Thursday.
And we have a few floats in Week 40 as well, so let’s look at company news.
ASX stocks to watch
First up, Ryman Healthcare is teed up to join the Australian bourse at around 11am on Wednesday. Ryman, a New Zealand retirement village operator, will float under ticker code “RYM” and has yet to pick an IPO price.
Also coming Wednesday is explorer Green & Gold, which will pop up at 1pm under ticker code “GG1.” They’re looking for $7 million at 20 cents a share.
Today, Mineral Resources (ASX:MIN) has confirmed the completion of upgrades for its private haul road into Onslow. These road upgrades should help the blue-chip miner meet volume guidance through FY26.
Elsewhere, CSL (ASX:CSL), Telix Pharmaceuticals (ASX:TLX), and Mesoblast (ASX:MSB) will all be close watches for Oz traders after Trump unveiled new tariffs for pharma products late last week. All three dropped between -2% and -3% last Friday and may take a longer battering through Week 40.
And, Terrain Minerals (ASX:TMX) has seen “lightning strike again” after hauling in high-grade gold drill results at its Smokebush dig.
Buck and ore
Now – in forex, the Aussie dollar buys 65.4 U.S. cents.
Looking at commodities, all in the greenback,
Iron Ore is down -2.2%, selling at $103.65 a tonne in Singapore,
Brent Crude is down -0.9% at $69.52/bbl,
Gold‘s glimmer has yet to end; it heads into W40 at $3,772 an ounce, and,
US natgas futures are down -0.3%, to $3.16 per gigajoule.
That’s HotCopper’s ASX Market Open, I’m Isaac McIntyre – good luck, happy trading.
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