4h ago
ASX futures rise 0.2% after 1% slide to a six-week low
Australian shares are set for a modest rebound after falling to a six-week low on Tuesday, with ASX futures up 0.2% this morning. The earlier decline followed reports that Iran-backed Houthis attacked Saudi energy facilities. Markets are pricing a roughly 70% chance of an interest rate hike later this month. Central bank officials say inflation remains the main challenge, with high living costs and rising rates continuing to squeeze households.
4h ago
5h ago
LME Copper Breaks Above $14,500 a Ton as Supply Tightens
London Metal Exchange copper futures hit a record high on Tuesday, reaching $14,533 a ton, up 17% this year. Traders expect potential U.S. tariff policy to pull large volumes of copper into U.S. warehouses, and the U.S. has overimported 730k MT year-to-date, tightening supply elsewhere. Scrap copper remains tight, with secondary rod output down 50% y/y, while inventories in China have fallen sharply both upstream and downstream, adding support to prices.
5h ago
5h ago
Zeta outlines path to $60-plus per share as FY26 Q2 revenue rises 43.5%
Zeta reported Q2 FY26 results with revenue up 43.5% year over year and GAAP operating profitability, with an operating margin of 3.82%. Management raised its full-year revenue growth outlook to 39% and said it expects adjusted EBITDA margin to reach 25.9% in Q4, while lifting free cash flow margin guidance by 400 bps to 63%. The company said it is formally shifting from a marketing technology platform to an AI infrastructure company and has introduced Athena as its conversational AI layer. An analyst maintained a buy rating with a $63 price target.
5h ago
5h ago
Oil nears $100 as U.S. stocks slide on inflation fears and Middle East tensions
Global markets opened the week with sharp swings as Middle East tensions and inflation worries rattled risk assets. Iran-backed Houthis attacked Saudi energy facilities, pushing Brent and U.S. crude to just below the $100 mark and adding to inflation expectations. Major U.S. stock indexes fell across the board, with the Dow down more than 1%. The yen surged on prospects of a Bank of Japan rate rise, while copper hit a record high on tightening supply, according to agency inputs.
5h ago
6h ago
Dow slides 628 points as hotter August jobs data lifts Treasury yields and rate-hike bets
The Dow Jones Industrial Average fell 628 points after an unexpectedly strong August jobs report pushed U.S. Treasury yields higher and raised expectations of a September rate hike. Yields on the 2-year, 10-year and 30-year Treasuries all edged up. WTI crude futures climbed 2.4% to $93.65 a barrel on reports of war-related damage to energy infrastructure near the Strait of Hormuz, while Brent briefly neared $100.
6h ago