At The Bell — Australian shares will dump hard at open this morning, fading even as Wall Street booms on Trump’s big peace deal with Iran. We had a cracking rally yesterday, but things are more cagey Tuesday – even as the Strait of Hormuz prepares to open – and it’s largely thanks to the Reserve Bank.
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.
While the S&P 500 has been +1.5% and the Nasdaq even better, +3%, we’re heading towards a near-1% drop as Oz investors play it safe.
The expectation is that Michel Bullock and the RBA will keep the key interest rate unchanged for the first time in CY26, at 4.35%, but no one wants to be caught with their pants down if they go for another hike.
That meeting result comes out at 2:30PM today, so plenty of breathing room for Australians to join the peace rally again – long way from open to close.
It may also just be that some Aussie investors aren’t sold on the fragile peace that the U.S. and Iran are drawing up. Trump has repeatedly declared “the deal’s all signed,” and Iranian ships are passing through the State’s blockade, but Israel is still fighting in southern Lebanon and shooting rockets.
ASX stocks to watch
Over in equities, Aussie Broadband (ASX:ABB) has put a bow on its AGL Telco acquisition after originally unveiling the deal earlier in CY26. The buy-up is projected to deliver 350,000 more NBN services by second quarter FY27. AGL has this week been issued $115M in Aussie Broadband shares for the sale.
On a similar note, the oOh!media (ASX:OML) battle has heated up again, with Pacific Equity Partners, I Squared Capital, Oaktree Capital, and Bain Capital all in the scrap. The asking price has this week climbed to $845M.
Elsewhere, Encounter (ASX:ENR) is in “full swing” at Aileron in the West Arunta region after deploying two rigs for the ~70K-metre exploration run.
And, Daly Resources was meant to debut today, but has indefinitely delayed the float.
Buck and ore
In forex, the Oz dollar is buying US 70.7c today,
Then to commodities, all in the greenback,
Brent Crude has had another big drop, and is selling at $83.36/barrel,
Iron Ore is up +0.6%, at $102/tonne in Singapore,
Gold up again today, to $4,324/ounce, and,
US natgas futures ~$3.14 per gigajoule.
That’s HotCopper‘s Market Open, I’m Isaac McIntyre – happy trading today.
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