There’ll be a short dip for Australian shares at open, with ASX 200 futures pointing to a -0.2% slide this Tuesday morning. It makes sense Down Under, considering our ATHs, but a cagey Wall Street is guiding things, too.
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.
In the U.S., investors are pocketing profits as they prepare for more Trump policies, Nvidia’s quarterly (Thursday in Aus), and a suite of price data Friday.
Some traders simply want to wait and see what Trump’s latest pledge means, too; the U.S. President said he wants to do “more Intel-like equity deals in the future.”
Those sentiments have left the S&P 500 down around -0.4%; the Dow shaved -0.7%.
London’s FTSE and Tokyo’s Nikkei generally shrugged off those vibes, though, with both up.
Outside that and maybe more importantly for locals, we’re to be handed the Reserve Bank’s latest minutes today: Bullock and the RBA cut rates in August, so it’ll be an interesting moot to pore over when that drops later.
Bullock last said she expects several more trims to come in the next months, so exactly when they may be staged will be a key takeaway.
Companies to watch
While we wait for stats, we’ll have to make do with more earnings – Coles (ASX:COL), Fortescue (ASX:FMG), and G8 Education (ASX:GEM) are among the biggest Australian stocks with reports coming today.
In a similar vein, HotCopper users have been watching West African Resources (ASX:WAF) after the gold producer booked $215M in profit after tax through the June half, a +133% climb after strong gold sales.
And, Bega Cheese (ASX:BGA) has wrapped up its licences dispute with New Zealand’s dairy giant Fonterra after French suitor Lactalis purchased Fonterra.
Vulcan Steel (ASX:VUL) has paused early; it is raising capital to fund an acquisition.
Buck and ore
In forex, the Aussie dollar is buying 64.8 US cents.
And to commodities, all in the greenback,
Iron Ore has surged as much as +2.7%, selling at $103.25 a tonne in Singapore,
Brent Crude is at $68.72,
Gold has remained relatively firm at $3,368 per ounce, and,
US natgas futures have remained down, selling at $2.69 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – good luck and happy trading.
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.