Fortescue Metals Group (FMG)

27/04/2023

Fortescue Metals Group (FMG)

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Afternoon report 04/08/2026

The Match Out: ASX surges 1.4%, Credit Corp (CCP) kicks off reporting season

It’s days like this that reinforce the importance of staying invested, participating in markets despite the negative headlines and bearish rhetoric, and, above all, remaining patient. With SPI futures flat this morning, investors took the bull by the horns, buying equities and pushing the ASX to its highest level since March as easing oil prices encouraged a rotation back into growth stocks, banks and healthcare. The rally was broad, with nine of the eleven sectors finishing higher and the local market comfortably outperforming modest gains in US futures.

Morning report 04/08/2026

What Matters Today: Can EVs and AI drive the next re-rating of ASX miners?

The ASX 200 erased early losses on Monday to start August on the front foot, closing up +0.5%, back above the psychological 9000 level. Gains were broad-based, with fewer than 30% of ASX stocks closing lower. Just as importantly, selling pressure was limited; the day's worst performer, Fortescue (FMG), fell only 3.8%, while six stocks rallied more than 5%, highlighting the market's underlying strength.