ASX

ASX
Trading floor: TWE and Fletcher tank, Toro Energy up
Azzet reports on three ASX stocks with price moving updates today. Treasury Wines tumbles after pulling guidance ~ Treasury Wines Estate (ASX: TWE) was the ASX’s biggest loser today, down around 14% by 2:30 pm AEDT (3:30 am GMT), after the Penfolds owner surprised the market by downgrading earnings guidance and staunching its previously announced $200 million share buyback. Before incoming CEO Sam Fischer takes up his new late October, the company withdrew the previous guidance for Penfolds of low-to-mid double-digit growth in earnings for 2025-26, and around 15% earnings growth in 2026-27 on the back of weaker-than-expected trading at Penfolds in China. Despite strong fundamentals and a flexible and diversified global sales model, the winemaker told the market today it is no longer in a position to provide revised guidance at this time after citing challenges in key markets China and the U.S. What’s surprising today is the magnitude of the share price fall, given that the market has known about the trading headwinds in China and, to a lesser extent, the U.S. for some time. Back in June, analysts had also raised concerns over a slowdown in earnings for its luxury brand Penfolds, dwindling wine consumption in the U.S.
ASX
ASX poised to plunge as dispute undermines Wall St
Australian shares are set for their biggest opening drop in more than six months on Monday after stocks in New York slumped from record highs amid an escalation in the trade war between the United States and China. Prices are expected to begin 0.9% lower, the sharpest drop since April, based on Australian Securities Exchange (ASX) trading, which marked the S&P/ASX 200 December share price index contract 38 points below the previous settlement at 8,896 points. Wall Street slumped on Friday (Saturday AEDT) after President Donald Trump escalated the conflict with China in response to Beijing tightening its restrictions on rare earths, denting the confidence of investors unnerved by the U.S. government shutdown. After the market had closed, Trump wrote in a social media post that he would impose an additional 100% tariff on imports from China and export controls on U.S.-made software. The Dow Jones Industrial Average dropped 1.9% and the S&P 500 dived 2.7% but the largest losses were found in the Nasdaq Composite, which plunged 3.6% as the post undercut technology shares like Nvidia, Tesla, Amazon and Advanced Micro Devices. Carson Group Chief Market Strategist Ryan Detrick said Trump's post was a surprise, which produc
ASX
ASX dips as gold, oil stocks fall amid Gaza peace deal
The Australian sharemarket edged lower on Friday as easing geopolitical tensions in the Middle East dragged down oil and gold stocks, offsetting gains across most other sectors. The S&P/ASX 200 Index slipped 11.5 points, or 0.1%, to close at 8,958.3, despite eight of the 11 sectors finishing higher. For the week, the index declined 0.3%, but finished just 1% from all-time highs. Materials and Energy led the losses as traders reacted to the Gaza peace plan and a more cautious tone in global markets. Energy majors Santos, Woodside Energy, Beach Energy, and Viva Energy all declined as oil prices eased following the ceasefire agreement between Israel and Hamas. Mining giants were also under pressure. BHP fell 2.1% after Bloomberg reported that its ongoing price dispute with China’s state-run iron ore buyer could extend into early next year amid a continuing stalemate. Rio Tinto shed 1.7%, while Fortescue slipped 1.5%. Gold miners weighed heavily on the index after spot gold prices fell 1.6% from record highs overnight. Genesis Minerals led the declines, falling 5.7%, while Ramelius Resources and Regis Resources each lost 5.5%. Newmont lost 2.9%, Northern Star retreated 2.1%, and Alkane Resources slumped 7.3%
ASX
Falling ASX to wipe out gains as Wall St ends lower
The Australian sharemarket is expected to open lower on Friday after stocks closed in negative territory in New York overnight as data-starved investors awaited the start of the quarterly earnings reporting season. The S&P/ASX 200 index should begin about 0.4% weaker with futures trading putting the December share price index contract 38 points under the previous settlement at 8,957, which would be enough to more than erase the gains from the Australian benchmark on Thursday. United States equities ended lower on Thursday (Friday AEST), retreating from record highs, as investors mulled the impact of the extended government shutdown including an absence of economic data, and looked forward to third quarter reports next week. The Dow Jones Industrial Average gave away 0.5%, the S&P 500 dropped fell 0.3% and the Nasdaq Composite lost 0.1%. "The earnings cycle is upon us and there's a wait-and-see in terms of whether we’ll see the same level of consistency of earnings growth in the coming quarter that we've seen in the last two quarters," Keator Group Managing Partner Matthew Keator was quoted in a Reuters story as saying. The Australian market had risen on Thursday, for the first time in four days, as gains in mining a
ASX
ASX rebounds as miners surge on copper rally
The Australian sharemarket snapped three consecutive sessions of decline on Thursday, lifted by strength in major mining and consumer stocks as copper prices surged to a 14-month high. The S&P/ASX 200 Index rose 22.20 points, or 0.3%, to finish at 8,969.8, with six of the 11 sectors closing in positive territory. Materials led the gains as copper miners rallied strongly following the metal’s overnight rise to its highest level in more than a year. Capstone Mining jumped 7.6%, Ero Copper advanced 7.2%, and Sandfire Resources climbed 5.3%. Mining giants BHP and Rio Tinto also supported the broader market, rising 2.9% and 1.6%, respectively, while Fortescue gained 1.4%. Consumer staples contributed to the gains, with Metcash up 1.6%, GrainCorp advancing 1.5%, and both Woolworths and Coles adding 0.6%. However, gold miners were mixed as investors took profits after a series of record highs for the precious metal. The sell-off accelerated after reports of a Gaza ceasefire plan boosted global risk sentiment. Newmont fell 0.5%, Northern Star dropped 0.7%, while Evolution Mining added 0.8%. In corporate news, Elders slipped 1% after the agribusiness issued a mixed trading update. Shares in Mexican-themed fast

ASX
Tech rally seen pushing ASX to firmer start
The Australian sharemarket is expected to open higher on Thursday despite a mixed performance in New York overnight marked by a rally in technology stocks. The benchmark S&P/ASX 200 index should begin about 0.4% stronger, with futures trading putting the December share price index contract 38 points over the previous settlement at 9,009. The S&P 500 and Nasdaq Composite indices reached new peaks on Wednesday (Thursday AEDT) despite the United States government shutdown showing no signs of ending. Minutes from the U.S. Federal Reserve's most recent policy meeting showed a committee divided about the outlook for interest rates, while Nvidia, Dell and Datadog were among the tech shares to rise. The S&P 500 put on 0.6% and the Nasdaq added 1.1% but the Dow Jones Industrial Average dropped back by just 1.20 points. U.S. Bank Wealth Management Head of Capital Market Research Bill Merz noted the continuing stream of deals related to artificial intelligence (AI). "Anything attached to AI is garnering a significant amount of attention," he was quoted in a Reuters report as saying. The Australian market had ended down on Wednesday with the S&P/ASX 200 losing 0.2% to 8,943.7 points. Companies with news today include R
ASX
ASX slips as retail, tech weigh; James Hardie surges
The Australian sharemarket closed lower on Wednesday as declines in technology and retail stocks offset strong gains in construction and biotech names, despite a mixed lead from Wall Street. The benchmark S&P/ASX 200 Index fell 13.1 points or 0.2% to 8,943.7 points, as seven of the 11 industry sectors closed lower. The Consumer Discretionary sector led declines, with Wesfarmers down 2.2%, JB Hi-Fi slipping 1.3%, and Myer falling 2.1%. Tech giants also declined after Oracle reported lower-than-expected cloud margins in the U.S. overnight, while Tesla dropped 4.5% following the launch of new, lower-priced versions of its top-selling models below US$40,000. Life360 tumbled 3%, Xero lost 1.7%, and WiseTech declined 0.4%. Among individual companies, James Hardie shares jumped 9.9% after the building materials group reported stronger-than-expected preliminary second-quarter sales, exceeding average analyst forecasts. The company’s U.S.-listed shares also climbed 8.1%. Magellan Financial rose 0.9% after reporting that assets under management increased by $600 million in the September quarter. DroneShield gained 7.8% after unveiling software upgrades designed to enhance the speed and accuracy of its anti-drone syst
ASX
Wall Street retreat to leave Australian market flat
The Australian share price benchmark is expected to shrug off a record high gold price to open little changed on Wednesday after a weaker night in the United States, where profit-taking pulled stock indices back from record levels. The S&P/ASX 200 index should start the day flat with the December share price index contract trading just one point below the prior settlement at 8,986, a 29.2 point premium to where the underlying market finished on Tuesday. Chief CommSec Economist Ryan Felsman said losses in some stocks on the Australian Securities Exchange (ASX) were likely to be offset by gains in gold stocks, which would be boosted by the precious metal trading above US$4,000 an ounce for the first time. U.S. gold futures surged past the milestone on Tuesday due to expectations of a Federal Reserve rate cut later this month and safe-haven buying due to the ongoing U.S. government shutdown. “We're trying to get past the 9,000 level at the moment, which is proving quite difficult and we haven't really been past much since August so getting to that record high is proving a bit insurmountable at the moment,” Felsman said. The high of 9,019.1 was reached on 21 August. The Dow Jones Industrial Average lost 0.2%, the S&P
ASX
ASX 200 slips as Web Travel rises, Broncos tumble
Australian shares fell on Tuesday amid a broad market sell-off, even as Wall Street’s major benchmarks climbed to record highs overnight. The S&P/ASX 200 Index closed 24.60 points or 0.3% lower at 8,956.8, with ten of the eleven sectors ending in the red. The downturn came despite the S&P 500 and Nasdaq Composite hitting fresh record closes, rising 0.4% and 0.7%, respectively. Consumer discretionary stocks led losses, with JB Hi-Fi down 1.5%, Aristocrat Leisure and Wesfarmers down 1.3% apiece, while Breville Group declined 4.5%. Communication services were also weaker, as REA Group dropped 2.1%, Seek fell 1.4% and CAR Group slid 2.9%. Among Financials, Commonwealth Bank dipped 0.4%, while ASX Limited fell 1.4% after the corporate regulator approved Cboe Australia’s application to become a listing market, a move expected to intensify competition for sharemarket floats. Among individual movers, Rio Tinto reaffirmed its focus on Western Australia’s Pilbara region, unveiling a US$733 million (A$1.1 billion) iron ore mine expansion with Japanese partners. Web Travel shares rose 2.5% after the hotel aggregator, spun out of Webjet, said it remained on track to deliver record EBITDA for fiscal 2026, boosting investor

ASX

Trading floor: TWE and Fletcher tank, Toro Energy up

ASX poised to plunge as dispute undermines Wall St

ASX dips as gold, oil stocks fall amid Gaza peace deal

Falling ASX to wipe out gains as Wall St ends lower

ASX rebounds as miners surge on copper rally

Tech rally seen pushing ASX to firmer start

ASX slips as retail, tech weigh; James Hardie surges

Wall Street retreat to leave Australian market flat

ASX 200 slips as Web Travel rises, Broncos tumble