The Australian sharemarket recovered losses on Tuesday afternoon, with the S&P/ASX 200 Index rising 0.7% by 2:23 pm, reversing a morning dip spurred by U.S. President Donald Trump’s tariff plans. Trump’s proposal to impose 25% tariffs on Mexico and Canada by February 1 caused the Australian dollar to drop 0.7% to US62.48¢.
Liontown Resources has released its December Quarter 2024 production report, highlighting strong performance at its Kathleen Valley Operation.
BHP delivered a strong operational performance in the second quarter of FY2025 (Q2 FY25),
Investors welcomed Donald Trump’s second inauguration, anticipating a pro-business agenda, while remaining wary of his protectionist trade policies, particularly his stance on tariffs.
The ASX rose on Monday as investors anticipated Donald Trump’s inauguration as the 47th U.S. president. The S&P/ASX 200 gained 0.5%, closing at 8347.4, while the All Ordinaries rose 0.4%. Nine out of 11 sectors advanced, although communications and energy stocks ended in the red.
Trump painted a stark picture of the country’s challenges while promising a “golden age of America”. He emphasized an “America First” agenda, vowing to restore national pride, revive the economy, implement strict immigration policies, achieve energy independence, and address cultural issues.
ASX200 Capital Protected Index Investment
US stocks ended a strong week on a high Friday, as bullish bets on stocks continued just days ahead of President-elect Donald Trump inauguration on Monday, which marks the transfer of presidential power.
The stock market is witnessing a shift from tech stocks to cyclical sectors like financials and energy, driven by strong employment data and inflation concerns.
RIO and Glencore rumours
TSMC
US Bank earnings
The Australian sharemarket edged lower on Friday afternoon, weighed down by declines in the financial and communication services sectors. The S&P/ASX 200 Index slipped 0.1% or 10.1 points to 8316.9 at mid afternoon, following a 1.4% gain on Thursday. Major banks led the losses, with Commonwealth Bank falling 1%.
potential merger between Rio Tinto (RIO:ASX, RIO:LSE) and Glencore (GLEN:LSE) would create a mining behemoth with significant implications for the global mining industry
