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Trading floor: Cleanaway, WBC tank; PainChek soars
Azzet reports on three stocks with price moving updates today. Cleanaway slides on FY26 earnings outlook ~ Shares in Cleanaway Waste Management (ASX: CWY) were trading 2.2% lower by 1:50 pm AEST (3:50 am GMT) after the waste management company downgraded its earnings outlook, citing higher fuel and logistics costs driven by the Middle East war. Management told the market to expect earnings before interest and tax of $460 million to $480 million, down from previous guidance of $480 million to $500 million, implying a hit of about $20 million. It’s understood that around $20 million adverse EBIT impact can be directly attributed to higher fuel, supplier and logistics costs. While timing lags are expected to impact FY26, most fuel cost increases are likely to be recovered over time through contractual pass-through mechanisms. However, on a more comforting note, the company has not experienced fuel supply disruptions and continues to rely on long-term supply agreements to manage volatility. Nor were there any material deterioration in volumes, customer churn, bad debts or broader trading conditions. Recovery of elevated fuel costs should occur as contracts are repriced and fuel markets stabilise, but management was
ASX
ASX to follow US higher amid M.East optimism
Hopes for an end to the Middle East conflict that lifted United States stocks overnight are expected to also boost Australian shares on Tuesday. Australian Securities Exchange (ASX) futures trading indicates the ASX 200 index will rise by 1.33% when trading resumes at 10:00 am AEST (12:00 pm GMT Monday) with the June contract priced 119.00 points over the previous settlement at 9,069 points. The three major U.S. equities benchmarks rose on Monday (Tuesday AEST) after U.S. President Donald Trump said Iran wanted a deal but that he would not allow the Islamic state to have a nuclear weapon. The Dow Jones Industrial Average gained 0.6%, the S&P 500 added 1%, and the Nasdaq Composite climbed 1.2% as investors overlooked the failed peace talks between the U.S. and Iran over the weekend to push prices to session highs on the close. "And so there seems to be some desensitisation around these back and forth talks with negotiations on, negotiations off, especially in the midst of this ceasefire, which seems to be holding for the moment," Janney Montgomery Scott's chief investment strategist, Mark Luschini, was quoted as saying in a Reuters article. The stronger opening flagged by ASX futures trading means Australia will more
ASX
ASX falls 0.4% as tech leads decline; energy rises
Australian shares closed lower on Monday as investor sentiment weakened following escalating geopolitical tensions in the Middle East, after Donald Trump ordered a blockade of the Strait of Hormuz. The S&P/ASX 200 Index fell 34.6 points, or 0.4%, to 8,926.0, with eight of the 11 sectors finishing in negative territory as risk appetite deteriorated. Interest rate-sensitive technology stocks led the declines. WiseTech Global dropped 1.3%, Xero lost 1.5%, and TechnologyOne fell 1.7%. Life360 slumped 8.1%, extending losses after chief executive Lauren Antonoff said in a LinkedIn post that the company would cut jobs due to the impact of artificial intelligence. In contrast, energy stocks advanced as oil prices surged back above US$100 per barrel on fears of further supply disruptions through the Strait of Hormuz. Santos Limited rose 1.7%, Woodside Energy gained 2.6%, Beach Energy climbed 3.7%, and Ampol added 2.6%. In corporate developments, the A2 Milk Company plunged 13% after downgrading its 2025–26 profit outlook, citing supply chain disruptions in China that have led to product shortages. Monash IVF Group surged 15.8% after receiving a revised A$351 million, 90¢-a-share non-binding takeover proposal from a con
ASX
Trading floor: Monash IVF, CUE lift; A2 Milk tanks
Azzet reports on three stocks with price moving updates today. Monash IVF rallies on revised consortium bid ~ Shares in embattled Monash IVF (ASX: MVF) - severely impacted over the past year by clinical errors, leadership changes, and legal settlements – were trading 14.3% higher by 1:50 pm AEST (3:50 am GMT) after the fertility services provider announced a revised takeover bid this morning. Despite a difficult year marked by share price declines, the consortium led by Genesis Capital and ASX-giant Washington H Soul Pattinson has seen sufficient value in the business to stump up with a revised A$351 million, 90¢-a-share non-binding takeover proposal, up from the previously rejected 80¢ offer. Today’s offer by the consortium – which already holds around 19.6% of Monash IVF - valid until 21 April, is subject to four weeks of exclusive due diligence with no fiduciary exceptions, board recommendation and final approvals from the bidders. The consortium’s latest offer follows a disappointing 1H FY26 result - with the share price falling 7% - underpinned by a 1.8% fall in group revenue to $137.9 million due to softness and domestic IVF market-share loss. The company's underlying EBITDA dropped 15.3% to $30.2 million, and i
ASX
ASX rally as fragile as ceasefire; index tipped to rise
Investors hoping the Australian sharemarket will rise for a fourth consecutive week should be reassured at least in the short term, with the benchmark index set to open higher on Monday. Futures trading on the Australian Securities Exchange (ASX) points to the ASX 200 index beginning 0.77% firmer than the previous close when trading resumes at 10:00 am AEST (12:00 pm GMT Sunday). This is the indication from the most heavily traded futures contract, June, which was last quoted 70 points over the prior settlement at 9,056 points at the time of writing. The index has risen for three successive weeks despite falling on Friday and, with the increase flagged by the futures market, should go back over the important 9,000 mark. But the U.S. market sent conflicting signals on Friday, with two of the three main equity markets ending lower as investors awaited developments in the Middle East conflict, where a fragile ceasefire remained in place. While the Dow Jones Industrial Average dropped 0.6% and the S&P 500 gave up 0.1%, the Nasdaq Composite rose 0.4%. Claims of ceasefire violations, including Israel's bombing of Lebanon, have threatened the truce, while the Strait of Hormuz remained closed by Iran. Argent Capital M

ASX
ASX dips 0.1% but posts third weekly gain
Australian shares edged lower on Friday, with persistent disruptions to the Strait of Hormuz weighing on sentiment despite hopes for progress in ceasefire talks between the United States and Iran. The S&P/ASX 200 fell 12.6 points, or 0.1%, to close at 8,960.6, with nine of the 11 sectors finishing in negative territory. Despite the daily decline, the benchmark index recorded a 4.4% gain for the week, marking its third consecutive weekly advance. Investors remained focused on the fragile ceasefire and upcoming U.S.-Iran negotiations scheduled to take place in Pakistan over the weekend, which are expected to provide further direction for markets. Technology stocks led the declines, with WiseTech Global down 2.6%, Xero falling 2.7% and TechnologyOne retreating 0.7%. Life360 dropped 3.3% after chief executive Lauren Antonoff said in a LinkedIn post that the company had parted ways with an unspecified number of employees as it restructures for an artificial intelligence-driven future. Energy companies also came under pressure, with coal miners selling off as the ceasefire dampened expectations of sustained energy supply disruptions. Whitehaven Coal fell 3.2%, and Yancoal declined 3%. Among major producers, Santo
ASX
Trading floor: FMG slides; Jindalee Lithium, Telix rise
Azzet reports on three stocks with price moving updates today. Fortescue slips after fast-tracking diesel elimination ~ Shares in Fortescue (ASX: FMG) were trading 2% lower by 1:25 pm AEST (3:25 am GMT) after the iron ore miner updated the market on plans to fast-track the elimination of fossil fuels across parts of its Pilbara operations as early as next year, after accelerating the development of a large-scale off-grid renewable energy system. By early 2026, the Andrew Forrest-led miner wants to have completed 290MW of installed renewable capacity to meet the fixed energy requirements of its ore processing facilities, enabling daytime “green processing” across its Pilbara operations. While the miner expects to run 24-hour operations without fossil fuels by early next year - well ahead of its previous Real Zero 2030 target – later in 2027, the system is expected to power all of the miner’s operations for 24-hour periods without fossil fuels. A broader rollout also includes 1.2GW of solar, more than 600MW of wind and up to 5GWh of battery storage by 2028. Fortescue expects the project to be the first fully integrated industrial green grid of its scale globally, with plans to replicate and commercialise the model for o
ASX
ASX to dip despite peace hopes buoying Wall Street
The Australian sharemarket is expected to open slightly lower on Friday despite stocks in the United States rising overnight as hopes increased of peace in the Middle East war. The ASX 200 index should start about 0.08% under its previous close when the Australian Securities Exchange (ASX) reopens at 10:00 am AEST (12:00 pm GMT Thursday), based on ASX futures trading. The June share price contract of the benchmark was quoted just eight points under the prior settlement at the time of writing. All three major U.S. stock indexes gained ground on Thursday (Friday AEST) amid hopes that the ceasefire between the United States and Iran would hold. The Dow Jones Industrial Average gained 0.6%, the S&P 500 added 0.6%, and the Nasdaq Composite put on 0.8% as market sentiment remained supported by optimism that the two-week ceasefire would hold after five weeks of fighting. "There's an increasing recognition that this administration is more bark than bite, and willing to make grand statements about world destruction," Wealthspire Advisors senior vice president Oliver Pursche was quoted as saying in this Reuters article. He said investors had to decide whether to ignore it or cash in and “sit it out ⁠the next two years”.
ASX
ASX edges 0.2% higher as energy offsets tech
Australian shares closed modestly higher on Thursday, consolidating the strongest rally in a year as investors balanced optimism over a potential diplomatic resolution in the Iran conflict against lingering geopolitical risks. The S&P/ASX 200 rose 21.4 points, or 0.2%, to 8,973.2, despite seven of the index’s 11 sectors finishing in negative territory. Market sentiment remained fragile after Tehran said several terms of its ceasefire agreement with Washington had been breached, citing ongoing Israeli strikes in Lebanon and continued hostilities in the Gulf, with attention is now turning to scheduled U.S.-Iran talks in Pakistan on Friday. Technology stocks led the declines, with the sector falling 6.5%. WiseTech Global dropped 10.9%, Xero fell 8.6%, TechnologyOne lost 5.2%, and NextDC slipped 2.3%, while Life360 declined 7%. The Materials sector also weakened, with major miners mostly lower. Rio Tinto fell 1.1%, and Fortescue Metals Group dropped 2.4%, while BHP edged up 0.1%. Gold miners were mixed as bullion prices steadied around US$4,713 per ounce. Evolution Mining declined 1.2% and Newmont fell 1.6%, while Northern Star Resources gained 2.3%. Packaging group Orora slumped 18% after pausing its on-market sh