All Ords (ASX:XAO) resets record high, Alcoa (ASX:AAI) rare earth miners surge on US deal
The Australian share market retested its intra-day all-time high on Tuesday, ultimately gaining 0.7 per cent amid a broad-based rally triggered by a huge US-Australian rare earth deal and strong US earnings reports from the likes of Apple (NYSE:AAPL). The materials sector finished more than 1 per cent higher, and retailers 1 per cent as likes of the BHP (ASX:BHP) and Super Retail (ASX:SRL) rallied strongly. BHP gained 2.3 per cent after the company flagged expectations that global demand for iron ore showed no signs of slowing in the long-term, while also delivered record mining production in its core iron ore business. But it was all about rare earths, as Alcoa (ASX:AAI) and Ararfura (ARU) bounced strongly following an agreement between the US and Australian governments to support the domestic rare earth mining sector. The focus remains on competing with the very low cost Chinese suppliers, with $1 billion each to be invested into Australian companies in the next six months as a starting point.
Super Retail (ASX:SRL) rallies on leadership change, Cleanaway (ASX:CWY) hit by remuneration strike, Hub 24 surges on inflows
Cleanaway Waste Management (ASX:CWY) shares fell sharply, down 4 per cent, after the company received 40 per cent of votes at its AGM against its remuneration and bonus report. This was a direct result of a string of deaths at work sites over the last 12 months. The group did, however, reaffirm expectations that profit will sit between $470 and $500 million for the 2026 financial year. Super Retail gained after the company announced the appointment of BCF managing director Paul Bradshaw as the new CEO, following successes with the outdoor equipment business. Super platform Hub 24 (ASX:HUB) gained more than 10 per cent after the company reported an 8 per cent increase in funds under administration on its platform, to $122 billion, 33 per cent higher than a year ago, as 41 new distribution agreements were signed. While Droneshield (ASX:DRO) gained more than 8 per cent after a weeklong sell off, as the popular trading stock continued its incredible rally.
Dow nears record, as gold sinks, Coca-Cola (NYSE:KO) rallies on sales growth, Netflix earnings ahead
The Dow Jones led the way overnight, gaining 0.6 per cent, with the S&P500 and Nasdaq both lagging despite positive news on the US-China trade front. The gold and silver price fell steeply on hopes that the trade and geopolitical turmoil will settle, as investors far and wide have been pouring into the precious metal. Shares in Coca-Cola (NYSE:KO) were 4 per cent higher after the company reported 6 per cent sales growth, incredibly strong for such a mature business, as a widening portfolio of drinks, including more sugar-free options increases the target market and sales potential. Warner Bros Discovery (NYSE:WBD) rallied by more than 10 per cent as the company flagged intentions to break up its business with the likes of Netflix (NYSE:NFLX) and Comcast among the interested parties.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.7 | 2.2 | 3.7 | 6.0 | 14.4 |
| Financials | 0.4 | 2.7 | 2.4 | 5.6 | 19.8 |
| Resources | 1.3 | 0.1 | 10.1 | 16.8 | 16.8 |
| Information Technology | 0.5 | -0.5 | -3.8 | -0.7 | 18.9 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.0 | 1.0 | 2.5 | 7.3 | 19.4 |
| Europe | 0.6 | 1.6 | 3.8 | 5.5 | 24.0 |
| Japan | 4.4 | 4.3 | 14.7 | 27.9 | |
| China top 50 | 1.4 | 1.4 | -1.4 | 5.2 | 32.6 |
| India top 50 | 0.4 | 3.0 | 3.2 | 0.4 | 2.8 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.2 | 0.6 | 1.0 | 1.8 | 6.4 |
| Australian Corporate Bond | 0.0 | 0.6 | 1.0 | 1.9 | 7.0 |
| US Treasury | 0.2 | 0.3 | 1.1 | 3.3 | 4.3 |
| Cash | 0.0 | 0.1 | 0.3 | 1.0 | 4.2 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | -5.5 | 2.7 | 9.9 | 27.0 | 49.9 |
| Silver | -7.3 | 0.1 | 10.1 | 34.8 | 36.7 |
| Crude Oil | -0.2 | -2.1 | -7.8 | -10.8 | -19.5 |
| Bitcoin | -2.4 | 0.6 | -1.6 | -5.2 | 70.2 |