ASX today − Losses are gathering steam this morning, with U.S. trading starting a day later thanks to Wall Street’s Monday holiday, and it’s sending our Australian shares towards a -0.4% open when the bell rings in Sydney.
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It was, unsurprisingly, a bloodbath in the States after the delayed open, with Trump’s Greenland-themed EU tariffs threats and the brewing “Sell America” thematic both leading to declines up to -2.4% for the major U.S. indexes.
Everything has been put in a bit of a swirl: The US dollar dumped 0.6c against the Euro (and 3-4c against our AUD), and gold popped to a $4,750 high.
And it’s under this stormy trading morning that we get into company news.
ASX stocks to watch
First up, there’s a whole lot of results coming in the red haze, including from Beach Energy (ASX:BPT), Evolution Mining (ASX:EVM), Lynas Rare Earths (ASX:LYC), Paladin Energy (ASX:PDN), Rio Tinto (ASX:RIO), and Yalcoal (YAL).
Telix Pharma (ASX:TLX) has shared its update for the December quarter, reporting stronger-than-expected revenue of US$804M; within upgraded guidance.
Elsewhere, Origin Energy (ASX:ORG) has defied this week’s sliding trend, up nearly +3% since Monday, after it confirmed the Eraring Power Station near Newcastle would have its shutdown delayed until CY29.
Also in price stories − Qoria (ASX:QOR) dumped -27% already this week on rising staff costs and its surprise use of artificial intelligence.
Buck and ore
Now – in forex, our Oz dollar’s buying 67.3 U.S. cents.
Looking at commodities, all in the greenback,
Iron Ore has dropped -0.5%, selling at $104.20 a tonne in Singapore,
Brent Crude is down, to $63.92/Bbl,
Gold is at $4,762 an ounce, and,
US natgas futures boomed +25%, to $3.90 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – good luck, happy trading.
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