The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

At The Bell — The Australian stock market will head into the red in Week 30’s second trading day, with a -0.6% retreat tipped in futures that, should it happen at the opening bell, will hand back yesterday’s gains.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

Nothing you haven’t heard before: Wall Street is panicky over U.S.-Iran tensions and anxieties around the artificial intelligence bubble.

The Nasdaq finished -0.1% lower, while the S&P 500 retreated -0.2% under those two concerns, and the Dow lost -0.6%. London similarly struggled to keep above water, dropping -0.7%; the Nikkei was last -4%.

We’re still waiting for wider Australian economic news that could set our pace late in Week 30, especially employment/unemployment figures Thursday.

But we’re well into Oz earnings, at least in resources, so that will help.

ASX stocks to watch

On that front, South32 (ASX:S32) was up +3.5% yesterday after telling shareholders it had exceeded FY26 production guidance for key operations; Sierra Gorda copper, Cannington and manganese assets outperforming expectations in the final quarter. Quarterly sales volumes jumped some 15%, too.

Yancoal (ASX:YAL) stood out, reporting higher second quarter coal production and sales volumes, while Aurelia Metals (ASX:AMI) added +9% on its update.

The show goes on today, with HUB24 (ASX:HUB) and Alkane Resources (ASX:AKR) among those sharing their quarterlies this morning. That’ll be followed by Lynas (ASX:LYC), WestGold (ASX:WGX), and more tomorrow.

Elsewhere, EQ Resources (ASX:EQR) is a major watch after surging on “Twiggy” Forrest taking a $190 million stake in the Oz tungsten miner.

And, Coast (ASX:CEH) just landed approval for a 55ha development in Coomera.

Buck and ore

In forex, the Oz dollar is buying US 69.9c today,

Then to commodities, all in the greenback,

Brent Crude up +1%, to $89.02/barrel,

Iron Ore some -0.8% weaker, $99.35 a tonne in Singapore,

Gold today $4,010/ounce, and,

US natgas futures down, $2.84 per gigajoule.

That’s HotCopper‘s Market Open, I’m Isaac McIntyre – happy trading today.

Join the discussion. See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

More From The Market Online
The Market Online Video

The ASX Today: Mining, healthcare drag Oz market, even as tech rebounds

The ASX slipped on Tuesday July as weakness in banks and healthcare offset a rebound in…
HotCopper Daily Market Trends Graphic

Tuesday’s HotCopper trends: Telix Pharma, Larvotto, Evion Group, and other daily topics

With more than 600k average monthly users on the HotCopper forums, each and every discussion can…

Pacgold set to fast-track Vertigo restart after identifying shallow gold extensions

Pacgold is planning to fast-track the re-start of mining of the Vertigo deposit on the White…

Evion secures mining permits for Madagascar graphite project

Evion Group has secured mining permits for its Maniry Graphite Project in Madagascar, paving the way…