Australian shares are heading into a fifth straight day of losses, with Week 26 still trading red after Trump ordered U.S. stealth bombers to raid three Iranian nuclear facilities over the weekend – and Israel’s missile strikes continue.
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.
Futures are suggesting the ASX 200 could dip as much as -0.57% at open on Monday as global traders come to terms with the U.S. President’s latest stance.
(Foreign Minister Penny Wong also today said our gov’t supports the strikes.)
While Wall Street hasn’t had a chance to open in Week 26 yet, the major U.S. indexes mostly closed down between -0.2% and -0.5% lower.
The FTSE will open similarly: A dour -0.2% start is projected for the U.K. bourse.
In Shanghai, the week is starting just barely down with a -0.07% dip.
It’s under this global shadow that we’ll see a number of companies join the ASX this week, with Virgin Australia, Greatland Resources, Infragreen Group, and La Trobe Private Credit Fund all on the float docket to Friday.
On the HotCopper forums, Red Mountain Mining (ASX:RMX) is shining hope through the global gloom early after recovering multiple gold nuggets at Kiabye.
And, FireFly Metals (ASX:FFM) wrapped up its 33M share-for-$32M sale in Canada.
More market news
Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst
Tariffs not so scary: “Soft” U.S. inflation a good thing for Oz trade
Looking at forex, the Aussie dollar is buying 64.3 US cents.
To commodities, which are in the greenback,
Iron Ore is back up 1.1% to start the week, to $93.70 a tonne in Singapore,
Brent Crude is trading as much as 3% higher at $79.54,
Gold is at $3,385 per ounce, and,
US natgas futures are at $3.89 per gigajoule.
That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.
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 clickhere.