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ASX to gain as Wall St lifts overnight; CBA in focus
A rebound in technology stocks and progress toward ending the longest government shutdown in United States history have provided a tailwind to push Australian shares higher on Tuesday. The S&P/ASX 200 index should begin up 0.5% at 10 am AEDT (11 pm GMT Monday), based on the December share price index contract last trading on the Australian Securities Exchange (ASX) 45 points above its previous settlement at 8,893. Interest will be high in the first quarter trading update from Commonwealth Bank of Australia (ASX: CBA), whose price has eased since June from record highs, which made Australia’s biggest company also the world’s most expensive bank. The positive tone was set on Wall Street where the three major price barometers closed strongly firmer on Monday (Tuesday AEDT) due to large price rises by artificial intelligence (AI) stocks and signs the Washington government closure may be ending. The S&P 500 jumped 1.5%, the Dow Jones Industrial Average added 0.8% but the biggest jump was reserved for the Nasdaq Composite, which soared 2.3%. Hopes of an end to the shutdown rose when a deal reinstating federal funding cleared a Senate hurdle on Sunday but Congress approval was still needed. Northlight Asset Management C
ASX
ASX 200 jumps 0.8%; US govt deal boosts sentiment
The Australian sharemarket started the week firmly higher on Monday, tracking gains across Asia after moderate Democrat senators agreed to support a deal to reopen the United States government. The benchmark S&P/ASX 200 Index climbed 66.2 points, or 0.75%, to 8,835.9, with nine of the eleven sectors finishing in positive territory. Information technology stocks led the advance following last week’s selloff. WiseTech Global rallied 6.2%, Life360 gained 3.6%, Xero lifted 1%, and Codan added 1.4%. Energy stocks also strengthened as Brent crude rose above US$64 a barrel on hopes the U.S. government would soon reopen, lifting demand expectations. Woodside rose 0.9%, and Santos lifted 0.8%. Mining heavyweights were mixed, with BHP flat, Rio Tinto up 0.6%, and Fortescue down 0.8%. Lithium and uranium miners were among the best performers on the ASX, as Liontown Resources popped 12.8%, Deep Yellow added 9.6%, Pilbara Minerals gained 9.2%, and Paladin Energy finished 7.9% higher. Gold miners gained after the precious metal jumped 1.1% to US$4,043.77 an ounce. Northern Star, Newmont, and Evolution Mining closed 3.5%, 3.9% and 2.2% higher, respectively. Among financials, ANZ climbed 3.2% despite reporting a weaker
ASX
Trading floor: Monadelphous, Dyno Nobel, Antipa gain
Azzet reports on three resource stocks with price moving updates today. Monadelphous leaps after lifting guidance ~ Shares in Monadelphous (ASX: MND) were trading 9.4% higher by 2:40 pm AEDT (3:40 am GMT) after the engineering contractor projected a strong uplift in both first-half and FY26 revenue due to elevated activity levels across the business, including construction, energy, and infrastructure projects. Due to a record amount of work secured in FY25 and sustained demand for engineering construction and brownfields services, Monadelphous reported elevated activity levels throughout the first four months of FY26. After a strong start to FY26 and major contract wins, the ASX300 stock is forecasting $1.5 billion in first-half FY26 revenue, with full-year revenue expected to rise 20–25% year-on-year. The group had secured over $570 million in new contracts and expects robust activity within its pipeline, focusing on delivering contracted work and leveraging opportunities in the energy and infrastructure sectors. While the recent acquisition of Kerman Contracting has expanded the company’s service capabilities and market reach in infrastructure, management also pointed to contributions from subsidiaries like Melcho
ASX
Australian market seen opening up as ANZ reports
The Australian share market is expected to open higher on Monday after a mixed end to the week in the United States. The S&P/ASX 200 index should begin up about 0.3%, based on futures trading on the Australian Securities Exchange (ASX), where the December share price index contract was quoted 23 points above its previous settlement at 8,794. Two of the three main indices in New York ended higher, but only just on Friday (Saturday AEDT), as the record-breaking government closure has left traders with little economic data for forecasting, and investors fret about the economy and high valuations. The S&P 500 index and the Dow Jones Industrial Average spent most of the day lower but ended up a little based on reports of progress in political negotiations over the shutdown, which has lasted for 41 days. The S&P 500 ended 0.1% higher, the Dow Jones added 0.2% but the Nasdaq Composite index lost 0.2%. "A resolution to the shutdown will clearly improve sentiment, particularly at a time when the margin of error is narrow," U.S. Bank Wealth Management Chief Equity Strategist Terry Sandven was quoted in a Reuters story as saying. "Stocks are at all-time highs and valuations are elevated, and if the shutdown gets resolved, i
ASX
ASX posts 2nd weekly loss; Tech, Financials lead decline
The Australian sharemarket fell on Friday, extending losses into a second straight week as investors pared back expectations of a near-term rate cut following the Reserve Bank of Australia’s decision to hold interest rates steady earlier in the week. The benchmark S&P/ASX 200 Index dropped 58.6 points or 0.7%, to close at 8,769.7, its lowest level in six weeks despite six of 11 sectors ending higher. On a weekly basis, the index was down 1.4%, extending losses of 1.5% in the previous week. Technology stocks led the declines after Afterpay’s parent company, Block, plunged 15.8% as third-quarter revenue came at US$6.11 billion, missing consensus estimates of US$6.3 billion. Other tech names also slumped, with Xero down 2.5%, WiseTech Global falling 2.7%, TechnologyOne down 1.9%, Life360 retreating 3.6%. The financial sector weighed heavily as Macquarie Group tumbled 5.7% after reporting a $1.7 billion profit for the September half-year, falling short of market forecasts. Other major banks were mixed - Commonwealth Bank dipped 1.5%, NAB gained 0.9%, Westpac slipped 1.8%, and ANZ edged 0.5% lower. In the materials space, performance was mixed. Newmont gained 1.8% as gold prices neared the US$4000 per ounce mark, w

ASX
Trading floor: AQZ, Macquarie tank; ESK up
Azzet reports on three ASX stocks with price moving updates today. Alliance Aviation swan dives after dismal market update ~ Shares in Alliance Aviation (ASX: AQZ) were down around 40.5% by 1:50 pm AEDT (2:50 am GMT) after the aviation services provider resumed trading after running numbers on what its revised outlook was going to look like. While no one thought today’s update was going to be pretty, it was the magnitude of the fall that rattled investors today. Alliance, which is 15.4% owned by Qantas (ASX: QAN), warned the market today that FY26 results wouldn’t come within a bull’s roar of analyst expectations due to higher aircraft, engine and maintenance costs, plus an unresolved dispute with a major customer. What is also clearly hard for the market to swallow today are reassurances that the immediate exit of founding managing director Scott McMillan from the board and the resignation of CEO Andrew Evans have nothing to do with today’s market update. New FY26 guidance implies a profit before tax (PBT) of between $46 million and $50 million and earnings of between $77 million and $85 million – this compares with its FY25 PBT of $82.1 million and earnings of $115.3 million. Aircraft, engine and maintenance cos
ASX
Flat start in store for ASX 200 as week ends
Australian shares are expected to start little changed on Friday despite falls in the major indices in New York overnight. The December contract of S&P/ASX 200 share price index was last quoted just three points below the previous settlement at 8,842 points in futures trading on the Australian Securities Exchange (ASX). Burrell Stockbroking wealth adviser Adam Dight said the ASX had been choppy and hard to read this wee. “It’s been interesting putting new money into the market for the first time,” he said. “It’s been thankless trying to time it but obviously people want their money invested. “They will be fully invested by the end of November because the market normally does nothing for two weeks in November and then pops and then pops again in December.” The technology stock sell-off resumed on Wall Street on Thursday (Friday AEDT) with the Dow Jones Industrial Average losing 0.8%, the S&P diving 1.1% and the Nasdaq Composite plunging 1.9%. Murphy & Sylvest Senior Wealth Advisor & Market Strategist Paul Nolte said the market was still bullish but valuations remained a longer term concern. "Earlier this week, we got a drawdown of 1% to 1.5%. What did we do the next day? We were up 80 basis points. So that b
ASX
ASX 200 edges 0.3% higher as miners lead rebound
The Australian sharemarket edged higher on Thursday, snapping two sessions of consecutive declines as investors rotated back into the Materials sector. The benchmark S&P/ASX 200 rose 26.3 points or 0.3% to 8,828.3, with six of the 11 sectors finishing in positive territory. Gold miners led the advance as the precious metal retested the key US$4,000 per ounce level overnight. Northern Star Resources and Newmont lifted 2.8% apiece, Ramelius Resources added 5.6%, Westgold Resources gained 5.3% and Evolution Mining finished 3.9% higher. Major miners BHP, Rio Tinto and Fortescue Metals also gained 1.6%, 2.3% and 2.1%, respectively. Gains were limited by mixed results in the financial sector. National Australia Bank fell 3.3% after reporting full-year cash earnings of $7.09 billion, missing analyst expectations. Commonwealth Bank added 1.3%, Westpac fell 1.2% and ANZ lifted 0.4%. In corporate news, Light & Wonder surged 8.2% after the gaming firm posted a 78% jump in quarterly net income to US$114 million, driven by record iGaming revenue. James Hardie was the session’s biggest laggard, closing 12.7% as the company cited its removal from MSCI’s Australia index for the sharp decline. Amcor climbed 5% after repo
ASX
Trading floor: Light & Wonder, Tivan up, NAB slumps
Azzet reports on three ASX stocks with price moving updates today. Light & Wonder soars after reporting Q3 earnings ~ Shares in Light & Wonder (ASX: LNW) were trading up 10.5% by 2:30 pm AEDT (3:30 am GMT) after the cross-platform global games company reported robust Q3 earnings this morning, which made it the market’s best-performing large-cap heading into lunch. What captured the market’s imagination today was the group’s 78% jump in quarterly net income to US$114 million, which was underpinned by stronger gaming operations and record iGaming revenue. Consolidated revenue rose 3% to $841 million, while adjusted net profit after tax climbed 25% to $153 million. Despite the sorry state of the U.S. economy, the group delivered its 21st consecutive quarter of North American premium growth, with over 2,800 additional gaming operations units added year-on-year, while expanding its gaming operations and iGaming segments, integrating Grover Gaming and enhancing digital momentum. Driven by a 38% lift in gaming operations, gaming revenue grew 4% to $558 million, including an additional $40 million from its Grover charitable gaming arm. However, Social gaming arm SciPlay saw revenue fall by 4% to $197 million. Commenti