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At The Bell — Australian shares are fading -0.15% weaker in early Wednesday morning futures after Wall Street went right back to shipping away its tech stocks, and Donald Trump declared he “must” respond to Tehran shooting down a U.S. Apache attack helicopter that had been flying near the Oman coast.
Hear from all the ASX-listed companies that were at the RIU Resources Round-Up in Sydney, right here on HotCopper.com. Over a dozen video interviews here.
Wall Street, in particular, has been all over the shop, with the Dow Jones still +0.2% despite all the worry, but the S&P -0.3%, and the Nasdaq -1%. Europe hasn’t been better: London’s FTSE has been smashed, -1.4%.
Between that, and a study suggesting most Australians believe a CY26 recession is “likely” or even “certain,” and it’s not the best Week 24 picture.
That study, operated by Finder recently, suggested only 18% of Australians are currently in the camp that there won’t be a recession, with 3% of respondents dead set a recession “certainily won’t happen.” Low hope, there.
Maybe we have a bigger drop later on Wednesday, but we’ll have to see.
ASX stocks to watch
In stocks, we have an ASX debutant today: Boresight, which builds “cost-effective” uncrewed aerial systems for government, military and security forces. Boresight will roll onto the bourse under ticker code B-S-T around midday, and is looking to raise as much as $8,000,000 with a 20cps issue.
Elsewhere, Woolworths (ASX:WOW) is offshoring hundreds of corporate jobs to stop rising costs. Mostly finance, IT, and HR sectors will be impacted.
Super Retail Group (ASX:SUL) has passed on buying Barbeques Galore, and a recapitalisation deal to save the struggling barbeque/outdoor furniture chain fell through, leaving the company dead in the water.
And oOh!media (ASX:OML) is now a Week 24 watch after rallying nearly +10% on a $765 million takeover bid from Bain Capital. All eyes are now on how the outdoor advertising company responds to the approach.
Plus – Chemist Warehouse (ASX:SIG) is eyeing a blockbuster Boots bid.
Buck and ore
In forex, the Oz dollar buys US 70.2c.
Then to commodities, all in the greenback,
Brent Crude is -2.5% lower, now hovering around $92.02 today,
Iron Ore is up +0.7%, at $100.85/tonne in Singapore,
Gold down, $4,265/ounce, and,
US natgas futures mostly flat, ~$3.13 per gigajoule.
That’s HotCopper‘s Market Open, I’m Isaac McIntyre – happy trading today.
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