The ASX200 managed to close up +0.2% on Tuesday, but it wasn’t pretty with the index ending the session more than 100 points below its early morning high. The issue was the credibility of President Trump's claims that talks are underway to end the conflict with Iran, where reports of such talks were called “Fake News.” The attacks continue, although Trump has postponed strikes on Iran’s energy infrastructure, citing “productive conversations” with Tehran.
The ASX200 ended a volatile session more than 100 points off its early morning low, down only 0.7%. Selling was fairly brutal on open, as was expected, but investors steadily bought the dip through the day, with over 40% of the main board managing to close positive.
Global equities finished lower on Friday, pressured by escalating Middle East tensions, surging oil prices, and a renewed shift higher in rate expectations. For the week, the ASX200 fell 2.2%, the S&P 500 lost 1.9%, and the UK FTSE 3.3%.
The ASX 200 fell by more than 140 points on Thursday, with escalating concerns about the Middle East conflict weighing heavily on the market. The miners (-4.8%) were front and centre of the selling, while energy (+5.1%) was unsurprisingly best on the ground. As the oil price surged above $US110, inflation fears soared, weighing on rate-sensitive stocks, with the crowded gold sector enduring some aggressive liquidation while tech and real estate names were also heavy as futures markets priced in at least two more rate hikes before Christmas.
The ASX 200 rose another 0.3% on Wednesday, with around 70% of the index finishing higher as oil prices eased slightly and buying interest returned to the miners - RIO (+1.2%) and BHP Group (+0.7%). However, it was a relatively quiet session as investors digested this week's RBA’s split rate decision ahead of this morning’s Fed meeting, where no change was expected for a second consecutive meeting, and since the attacks on Iran, rate cuts are now not anticipated until late 2026.
The ASX200 rebounded +0.4% on Tuesday, with most of the gains enjoyed after the RBA lifted interest rates from 3.85% to 4.1% at 2.30 pm. The materials sector was back on top of the leaders board, advancing +1% as gold stocks led the bounce, while tech was back in the naughty corner, retreating another 1.25%, taking it within 4% of making fresh 2026 lows.
The ASX200 ended a choppy session on Monday down 0.4%, with miners and tech stocks leading the declines. While fewer than 40% of the main board finished higher, it was the heavyweight miners that drove most of the decline, with BHP, Northern Star and Fortescue accounting for around 60% of the day’s net fall.
The worst oil supply disruption in history shows little sign of easing, keeping crude elevated since the Iran conflict began as Trump and Iran’s new leader signal little appetite for de-escalation. Washington has allowed more sanctioned Russian crude to flow in an attempt to cap prices, but markets are increasingly concerned that Trump & Co may have bitten off more than they can chew, particularly with US mid-term elections looming in November.
The ASX 200 endured another tough session on Thursday, falling -1.3% and chalking up another triple-digit decline. Several headwinds weighed on the market, most notably oil surging more than ~9% at one stage, with the knock-on impact on bond yields dominating the headlines. A plan by the International Energy Agency to release millions of barrels from strategic reserves failed to calm markets after reports that Iran struck oil tankers near the Strait of Hormuz, escalating fears of supply disruptions through the critical shipping route that carries roughly 20% of global oil trade. Every day Brent crude pushes above US$100 chips away at confidence that the global economy can quickly move past the Iran conflict.
The ASX 200 bounced another +0.6% on Wednesday with the miners and banks dragging the market higher, even when only 45% of the main board closed in positive territory. To put things into perspective, the local bourse closed up 50-points with the miners alone contributing +42 points to the day, helped by another solid day for iron ore, and related names. Traders were offered some relief from the recent volatility spurred by the Iran war on Wednesday after the International Energy Agency (IEA) reportedly proposed the release of oil reserves. Unfortunately, the market failed to follow the heavyweight sectors higher, with weakness resurfacing in the tech and high growth stocks, more on this later with the Tech Sector, closing down 1.6%, just missing out on the wooden spoon to the Utilities sector.
The ASX200 ended a volatile session more than 100 points off its early morning low, down only 0.7%. Selling was fairly brutal on open, as was expected, but investors steadily bought the dip through the day, with over 40% of the main board managing to close positive.
Global equities finished lower on Friday, pressured by escalating Middle East tensions, surging oil prices, and a renewed shift higher in rate expectations. For the week, the ASX200 fell 2.2%, the S&P 500 lost 1.9%, and the UK FTSE 3.3%.
The ASX 200 fell by more than 140 points on Thursday, with escalating concerns about the Middle East conflict weighing heavily on the market. The miners (-4.8%) were front and centre of the selling, while energy (+5.1%) was unsurprisingly best on the ground. As the oil price surged above $US110, inflation fears soared, weighing on rate-sensitive stocks, with the crowded gold sector enduring some aggressive liquidation while tech and real estate names were also heavy as futures markets priced in at least two more rate hikes before Christmas.
The ASX 200 rose another 0.3% on Wednesday, with around 70% of the index finishing higher as oil prices eased slightly and buying interest returned to the miners - RIO (+1.2%) and BHP Group (+0.7%). However, it was a relatively quiet session as investors digested this week's RBA’s split rate decision ahead of this morning’s Fed meeting, where no change was expected for a second consecutive meeting, and since the attacks on Iran, rate cuts are now not anticipated until late 2026.
The ASX200 rebounded +0.4% on Tuesday, with most of the gains enjoyed after the RBA lifted interest rates from 3.85% to 4.1% at 2.30 pm. The materials sector was back on top of the leaders board, advancing +1% as gold stocks led the bounce, while tech was back in the naughty corner, retreating another 1.25%, taking it within 4% of making fresh 2026 lows.
The ASX200 ended a choppy session on Monday down 0.4%, with miners and tech stocks leading the declines. While fewer than 40% of the main board finished higher, it was the heavyweight miners that drove most of the decline, with BHP, Northern Star and Fortescue accounting for around 60% of the day’s net fall.
The worst oil supply disruption in history shows little sign of easing, keeping crude elevated since the Iran conflict began as Trump and Iran’s new leader signal little appetite for de-escalation. Washington has allowed more sanctioned Russian crude to flow in an attempt to cap prices, but markets are increasingly concerned that Trump & Co may have bitten off more than they can chew, particularly with US mid-term elections looming in November.
The ASX 200 endured another tough session on Thursday, falling -1.3% and chalking up another triple-digit decline. Several headwinds weighed on the market, most notably oil surging more than ~9% at one stage, with the knock-on impact on bond yields dominating the headlines. A plan by the International Energy Agency to release millions of barrels from strategic reserves failed to calm markets after reports that Iran struck oil tankers near the Strait of Hormuz, escalating fears of supply disruptions through the critical shipping route that carries roughly 20% of global oil trade. Every day Brent crude pushes above US$100 chips away at confidence that the global economy can quickly move past the Iran conflict.
The ASX 200 bounced another +0.6% on Wednesday with the miners and banks dragging the market higher, even when only 45% of the main board closed in positive territory. To put things into perspective, the local bourse closed up 50-points with the miners alone contributing +42 points to the day, helped by another solid day for iron ore, and related names. Traders were offered some relief from the recent volatility spurred by the Iran war on Wednesday after the International Energy Agency (IEA) reportedly proposed the release of oil reserves. Unfortunately, the market failed to follow the heavyweight sectors higher, with weakness resurfacing in the tech and high growth stocks, more on this later with the Tech Sector, closing down 1.6%, just missing out on the wooden spoon to the Utilities sector.
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