Category: ASX: CRN

ASX: CRN

Why did Coronado Global Resources (CRN) shares crash today?

CRN -7.05%: shares in the coal miner were on the back foot today after announcing potential takeover talks with US giant Peabody had ended without a proposal.

Subscribe to Market Matters Blog

Latest Reports

Morning report 14/07/2025

Macro Monday: Markets brace for renewed tariff ructions

Stocks have shown increasing complacency to US tariff threats, and they will face another test this morning after President Donald Trump declared a 30% rate for the European Union and Mexico, effective August 1st. He said Mexico had failed to do enough to stop the flow of fentanyl into the US and complained that the EU’s trade deficit with the US was unfair, almost ~$US150bn last year, as can be seen below.

Weekend report 12/07/2025

Weekend Q&A: Tariffs are back, but equities are still flaunting new highs

The ASX200 slipped 0.3% last week after dancing around the psychological 8600 level almost daily. While the index traded in a tight range, it was a very different story on the stock and sector level, with utilities surging +3.4% while real estate fell -3.2%, two theoretically rate-sensitive sectors moving in opposite directions. However, most of the action unfolded in the resources with a strong advance by iron ore in the back end of the week, helping heavyweight BHP Group (BHP) bounce over $2 to test its March high.