Australian (ASX) Stock Market Forum

Today's trading on the ASX

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The Australian sharemarket is expected to start the week on the back foot, following Friday’s steep US sell-off. The SPI 200 futures are pointing to a 0.4% drop.

The Australian dollar jumped 0.8% to US64.7¢ on Friday, and was last trading at US64.62¢ ahead of Monday’s open, buoyed by a slump in the greenback as traders priced in more aggressive US rate cuts.

Locally, attention turns to earnings season, with results expected this week from REA Group, AMP, News Corp, Nick Scali, QBE Insurance and Block.
 
Australian shares are heading into Week 32 with a dip: ASX 200 futures are pointing to a 0.49% loss at the open on Monday as traders around the globe reassess their investments amid signs that the U.S. economy is slowing down.


Wall Street has already retreated on softer-than-expected July payrolls (just 73K jobs were added through the month), and Trump’s reignited tariffs blitz isn’t helping either – the S&P 500 dived -1.6% while the Nasdaq dropped -2%. Europe’s Stoxx struggled quite a lot too, falling -2.5% through its last trading day.

Through all this, Trump also made the call to “shoot the messenger” and sacked the Bureau of Labor Statistics commissioner, Erika McEntarfer, after the reports.

The bottom line: Wall Street just had its worst day since May, and Oz is feeling it.
 
ASX futures are pointing up 87 points or 1 per cent to 8702.

AUD down 0.1% to US64.69¢
Gold up 0.3% to $US3373.59 an ounce
Brent oil down 1.4% to $US68.71 a barrel
Iron ore up 1.2% to $US101.20 a tonne
10-year yield: US 4.19%, Australia 4.31%
 
It is so good for a change to see the XAO move forward with some consistency. It looks as if it may be between @divs4ever and I for the winner of the CY2025 final XAO number.

I guess no matter where AI ends up we are always going to need Materials.

gg
 
The SPI 200 futures suggest a modest gain of 11 points at the open. Investors will be watching corporate results from AMP, News Corp, and REA Group, alongside several REITs and gold producer Emerald Resources.

The AUD is trading at US64.70¢; oil prices dropped 1.6% and gold is +0.2% to $US3380.60 an ounce
 
ASX 200 futures are pointing down 22 points or 0.3 per cent to 8784.

AUD +0.5% to US65.03¢
Gold -0.3% to $US3369.33 an ounce
Brent oil -1.2% to $US66.82 a barrel
Iron ore -0.5% to $US101.95 a tonne
10-year yield: US 4.23%, Australia 4.25%
 
Australian shares mounted a gutsy push over the 8,800 level yesterday – and sit around +7% higher YTD – but Tuesday and Wednesday’s back-to-back ASX records were always to be followed by some calculated selling.

That’s exactly what’s happening this morning: ASX 200 futures are now pointing to a -0.1% dip (still quite modest) as traders play it safe on Thursday.

The Aussie red morning goes against the Wall Street grain, where U.S. indexes piled on advances on Apple’s coattails. The tech behemoth ran more than +5% after reports that the iPhone may help India avoid tariffs.

That’s not certain, though, iPhone hype or no, with Trump still quite eager to hike India’s levies to 50% (from 25%) because it “keeps buying oil from Russia.” India continues to refuse for defence and national security reasons.

All this saw the Nasdaq add a lofty +1.2% to close; the S&P added +0.7%.

The Nikkei enjoyed a green lift too, advancing +0.6% as it rumbles into trading in Japan.
 
The Australian sharemarket is expected to open lower, with SPI 200 futures down 25 points or 0.3%, pointing to a modest pullback after a strong Nasdaq-led finish in the US.

In commodities, gold rose 0.8% to US$3,396.38 an ounce, while Brent crude slipped 0.8% to US$66.34. Iron ore added 0.2% to US$102 a tonne. The Australian dollar edged up to US65.24¢.

Friday’s local earnings include Block, Nick Scali, Centuria Industrial REIT, and QBE.
 
ASX 200 futures rose 5 points, or 0.1 per cent, after the index rose 1.7 per cent for the week on Friday.

Financial markets have fully priced in a 25 basis point cut to 3.6 per cent on Tuesday, with a slim chance of a double cut

reporting Monday
JB Hi-Fi (JBH)
Charter Hall Social Infrastructure REIT (CQE)
Car Group (CAR)
Dexus (DXS)
Iress (IRE)
 
Australian shares are expected to rise a modest +0.14% higher this morning as Week 33 trade gets going Down Under – and while the U.S. enjoyed a strong weekend, it’s all waiting for the RBA’s big August call for Aussie investors.

The vibe on Monday is that markets are near-completely priced in a 25-basis-point cut, and some are even suggesting there’s a slim chance it’s a double.

While this journo would be surprised if the RBA turned the dial that far, a slowdown in core inflation – most recently reported at 2.7% – and a surprise rise in unemployment should lead to a ‘cut’ call.

Though it won’t impact the RBA’s decision, we’ll also get July labour data later this week.
 
ASX 200 futures are pointing down 13 points or 0.2 per cent to 8783.

AUD down 0.1% to US65.14¢
Gold down 1.6% to $US3342.37 an ounce
Brent oil up 0.2% to $US66.69 a barrel
Iron ore up 1.4% to $US103.55 a tonne
10-yield Bond yield: US 4.28%, Australia 4.24%

reporting today
Life360 Inc. (360)
SGH (SGH)
Seven West Media (SWM)
 
Australian shares are poised to follow Wall Street’s lead. The SPI 200 futures are up 14 points, or 0.2%, to 8,852. The local market will also be watching for earnings results from major companies, including Commonwealth Bank, AGL Energy, Treasury Wine Estates, Computershare, Evolution Mining, IAG and Arena REIT.
 
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