IREN Ltd (IREN US)

23/07/2025

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Weekend report 28/03/2026

Weekend Q&A: Markets still fear the Iranian conflict has no end in sight

The ASX200 finished a choppy week up +1%, a solid result given the index gapped down ~2% on Monday. Volatility was elevated, with three sessions posting 100-point intraday swings—moves that would typically define a month. Geopolitics remain front of mind: the US and Israel struck Iranian nuclear and steel facilities on Friday, prompting retaliation across the Persian Gulf. The escalation followed President Trump's delay of a deadline for Tehran to reopen the Strait of Hormuz. Markets remain on edge, with Brent Crude above $US113 the key focus, the prolonged conflict is increasing the risk of more meaningful damage to the global economy.

Afternoon report 27/03/2026

The Match Out: ASX snaps 3 week losing streak, though nerves remain

The ASX 200 snapped a three-week losing streak, though there was little conviction around the local market today, with the index slipping mildly lower by the close – although it did recover ~50 points from the morning low as US Futures traded up.