Australian shares are edging just a little higher today, with ASX 200 futures pointing to a modest +0.1% gain heading into Wednesday’s morning trade.
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While the start of Week 32 saw significant fluctuations, Wednesday is a whole lot more subdued: U.S. markets, in particular, slowed considerably as companies began to reveal just how much Trump’s tariffs have impacted their profits.
The S&P sank nearly -0.5% to close; the Nasdaq had it beat, down -0.65%.
London’s FTSE stayed green, however, climbing a moderate +0.16% on a quieter day.
That sluggish session on Wall Street is what Oz has picked to follow – and sellers seem to be banking profits as we prepare for the RBA’s rate call next Tuesday.
In company news, the ATO is still hunting a resolution against major Aussie food brand Inghams (ASX:ING); the tax office has been looking into the household staple’s financial accounts since 2019, especially its R&D offsets.
Strickland Metals (ASX:STK) is being watched early on the HotCopper forums after hitting a “massive” gold intercept after recent scout drilling at its Kotlovi discovery in Serbia.
And for earnings, News Corp (ASX:NWS), Emerald Resources (ASX:EMR), Centuria Industrial (ASX:CNI), AMP (ASX:AMP), and REA Group (ASX:REA) are reporting.
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To forex, the Aussie dollar is buying 64.6 US cents.
To commodities, all in the greenback,
Iron Ore has added +0.79% to sell at $102.30 a tonne in Singapore,
Brent Crude is at $67.64,
Gold is up at $3,383 per ounce, and,
US natgas futures have recovered +2.3%, to $3 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – good luck and happy trading.
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