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ASX today − We’re heading for what looks like an +0.33% advance today despite U.S. selldowns, but considering Australian shares had been teed-up similarly yesterday before (very quickly) fading, I’m not banking on it all holding.
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Wall Street has had a fairly rough start to Week 9, with all three major U.S. benchmarks down between -1% and -1.7%. That’s all thanks to Trump and his 15pc global tariffs, which he enacted after the Supreme Court suggested his tariffs weren’t legal. About as Trumpian a response as it gets, if we’re being honest.
Still, all that turmoil hasn’t rolled in Down Under on Tuesday yet − though as I said, that may just be because the Aussie markets haven’t opened yet.
Yesterday, we’d been heading for a modestly green rise before 10am, only to watch the whole bottom fall out by lunchtime. By close, the XJO had slipped back to ~9,000 points, which is where we’re now hovering.
Maybe our big reporting week will do enough to stave off Wall Street’s pain, but history suggests we’re a little more likely to get swept up.
Let’s keep an eye on that, as we look at all the busy company news.
ASX stocks to watch
First up, Oz reporting rolls on before our big day Thursday. Today, we’ll get results from companies like Nine Entertainment (ASX:NEC) and Southern Cross (ASX:SXL), as well as Woodside Energy (ASX:WDS), Viva Energy (ASX:VEA), HMC Capital (ASX:HMC), Regal Partners (ASX:RPL), and plenty more.
Southern Cross, especially, will be one to watch today, after Seven West (ASX:SWM) boss Jeff Howard − assumed by many to be the heir-apparent to the Southern Cross-Seven West union − was abruptly sacked.
Elsewhere, AUB Group (ASX:AUB) has lifted its earnings guidance for FY26 after its first-half profits climbed from $26.4 million to $35.3 million YOY. In the same vein, Regal Partners (ASX:RPL) has grown profits by 65% (and will be lifting divvys) while Monadelphous (ASX:MND) managed similar.
Nova Minerals (ASX:NVA) will be closely watched outside reporting, too, after a New York hedge fund warned the Aussie company’s shares may “nosedive” should Nova miss the deadline for its flagship mine in Alaska.
And, Aussie Broadband (ASX:ABB) has bought out Sydney-based Nexgen Investments for $44.1 million, adding virtual receptionist services to the biz.
Buck and ore
Now – in forex, the Oz dollar is buying US 70.5c.
Looking at commodities, all in the greenback,
Iron Ore is up +0.5%, selling at $95.85 a tonne in Singapore today,
Brent Crude slipped -0.2%, to $71.59/Bbl,
Gold is selling up at $5,248/ounce,
US natgas futures lost -1.7%, to $2.99 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – happy trading.
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