Episode Details

Australia’s stock market took a hit today, snapping a three-day winning streak as oil prices surge amid escalating Middle East tensions. Iranian strikes on U.S. targets and retaliatory moves have traders bracing for supply disruptions and higher risk premiums — especially around the Red Sea. Energy stocks like Ampol are soaring on earnings forecasts, while tech players such as WiseTech and Megaport shine. Raw materials remain mixed: Rio Tinto holds steady after strong results, but BHP and Fortescue dip as iron ore futures wobble, and gold stocks lag despite rising gold prices. Domino’s shares rocketed despite expected write-downs, fueled by optimistic cash flow outlooks. Meanwhile, Aussie banks face headwinds, with NAB reporting a sharp drop in home loan applications.

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