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ASX today — It’s a busy reporting day today, with more than 30 ASX-listed companies scheduled to share results, including blue-chip heavyweights like Rio Tinto (ASX:RIO), Telstra (ASX:TLS), and Wesfarmers (ASX:WES).
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The ASX is headed for a rise as we wade through all the reporting, helped on by major gains over in the States. Tech stocks rebounded − leaving the Nasdaq Wall Street’s best gainer, +0.78% − though things cooled a bit after Fed minutes suggested officials may look to hike should inflation stay “unbeaten.”
Though we have little tech, it keeps impacting us Down Under, so software makers showing signs of recovery is happy days for anyone aiming green.
Alongside equities, oil has become a talking point again in Week 8, with traders debating whether U.S.-Iran talks will be enough to stop any coming conflict. Reports overnight suggest American may “soon intervene.”
More on that later, though − for now, it’s all a big reporting day.
ASX stocks to watch
To that tune, Telstra (ASX:TLS) has already shared an +8% rise in first half profits in its earnings report, to $1.2 billion; its divvy’s up to 10.5cps.
Elsewhere, Australia’s leading private health insurer, Medibank (ASX:MPL), recorded a marginal slide in its net profit, down $298M. That, the company suggested, comes amid “increasing diversification” across sectors.
Transurban (ASX:TCL) enjoyed a strong CY25 rebound, as more and more traffic rolls through its toll roads and maintenance costs drop. Only Melbourne’s traffic numbers have stayed below pre-COVID-19 levels.
Other major companies to come through this busy Thursday include Rio Tinto and Wesfarmers, as well as Whitehaven (ASX:WTC), Iluka Resources (ASX:ILU), Goodman Group (ASX:GMG), Zip Co (ASX:ZIP), and a hot topic on the HotCopper Wire podcast recently, Electro Optic Systems (ASX:EOS).
And The Market Link was at the RIU Explorers Conference yesterday; make sure you check out all the company interviews we got on the floor.
Buck and ore
Now – in forex, the Oz dollar is buying US 70.4c.
Looking at commodities, all in the greenback,
Iron Ore has slipped -0.25%, to sell at $95.95 a tonne in Singapore today,
Brent Crude is +4.4%, at $70.37/Bbl,
Gold is selling at $4,998/ounce,
US natgas futures lost -0.35%, to $3.02 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – happy trading.
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