Good Morning and welcome to HotCopper’s Market Open. The local bourse is set to dip around -0.65% after a lacklustre session on Wall Street saw major indexes close flat.
Australia is currently in negotiations with Trump following reports that we could now be looking at a 20% tariff, but that remains to be seen. At any rate, we’re yet to ink a deal with Donny whose attention has been focused on the EU and UK in recent hours (as well as the Cambodia-Thailand dispute.)
Looking around the traps:
Viva Energy has reported that black market tobacco has seen its tobacco sales pushed down -27%, one factor in a web of others that offset fuel profits from servos.
Monadelphous has inked over $100M in new contracts with companies including Rio Tinto.
Ora Banda Mining has said it expects FY26 to see an uplift in ore production of 60%.
Looking at commodities, SGX iron ore prices have fallen to US$99.xx/tn.
