1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Earnings momentum out of the States failed to translate to the local market this Tuesday, as rising oil prices and geopolitical tension soured investor sentiment. The S&P/ASX200 fell 0.64% to close the session down at 8,710.70 points.
Brent crude rose as US President Trump noted he was not happy with Iran’s latest proposal to end the war.
Although, headlines were dominated by the Bank of Japan’s decision to keep interest rates on hold - kicking off the week ahead for central bank decisions.
Locally, Reliance Worldwide reaffirmed its 2026 fiscal year earnings outlook and kept 2027 estimates unchanged, surging 4.5% against a largely negative market.
Elsewhere, Whitehaven Coal posted gains of 4.5% despite reporting a 14% decline in production for the quarter. The coal producer said it remains on track to meet full year guidance with sales tending towards the upper end of expectations.
Meanwhile, Domino's Pizza Enterprises shares fell on the Australian market, tracking weakness in its US-listed counterpart after softer annual growth, with the stock down 10.5%.
In the smaller end of town, European Lithium has agreed to merge with Critical Metals, with shareholders receiving 0.035 Critical Metals shares per EUR share.The Australian minerals explorer was boosted 47.4% over the day's trade.
Tonight, US consumer confidence data is released as markets prepare for the inflation read locally tomorrow.
