ASX 200 back in the black after uranium stocks buoyed by report Donald Trump will sign executive orders on nuclear energy
The ASX 200 is up again on Friday, heavily driven by surging uranium stocks.
The index shed 0.5 per cent on Thursday in a rare loss as it continues to climb back up to its mid-February high point.
It see-sawed on opening and sits up about 0.2 per cent after the first 40 minutes of trading.
Uranium miners are soaring on Friday with Boss Energy up 11.5 per cent, Deep Yellow rising 8.3 per cent and Paladin Energy jumping 7.9 per cent.
This follows a Reuters report that Donald Trump is expected to sign nuclear-related executive actions this week over concerns about US dependence on Russia and China for uranium and nuclear fuel.
In the US, the major indexes finished the day largely unchanged with both the Dow Jones and S&P 500 flat and the Nasdaq rose 0.3 per cent.
This followed a wipeout across Wall Street on Wednesday as investors were spooked by lacklustre US Treasury auction that highlighted concerns about the economic strength of the world's largest superpower.
The major European indexes recorded falls on Thursday with London's FTSE 250 Index diving 0.7 per cent, Germany's DAX sinking 0.5 per cent and the EURO STOXX 50 Index shedding 0.6 per cent.
Since it began trading on Friday, New Zealand's NZX 50 Index has zig-zagged and sits relatively flat from its Thursday closing price.
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Herald Sun
an hour ago
- Herald Sun
Iran vows retaliation for US strikes as Israel keeps up attacks
Don't miss out on the headlines from Breaking News. Followed categories will be added to My News. Tehran threatened on Monday to inflict "serious" damage in retaliation for US strikes on the Islamic republic's nuclear facilities, as the Iran-Israel war entered its 11th day despite calls for de-escalation. Aerial assaults meanwhile raged on, with air raid sirens sounding across Israel and AFP journalists reporting several blasts were heard over Jerusalem. The Israeli military said it had struck missile sites in western Iran as well as "six Iranian regime airports" across the country, destroying fighter jets and helicopters. President Donald Trump said US warplanes used "bunker buster" bombs to target sites in Fordo, Isfahan and Natanz, boasting the strikes had "obliterated" Iran's nuclear capabilities. Other officials said it was too soon to assess the true impact on Iran's nuclear programme, which Israel and some Western states consider an existential threat. Iranian armed forces spokesman Ebrahim Zolfaghari said on state television that the US "hostile act", following more than a week of Israeli bombardments, would "pave the way for the extension of war in the region". "The fighters of Islam will inflict serious, unpredictable consequences on you with powerful and targeted (military) operations," he warned. Global markets reacted nervously, with oil prices jumping more than four percent early Monday. China urged both Iran and Israel to prevent the conflict from spilling over, warning of potential economic fallout. Oman, a key mediator in the stalled Iran-US nuclear talks, condemned the US strikes and called for calm. Iran's foreign ministry accused Washington of betraying diplomacy. "Future generations will not forget that the Iranians were in the middle of a diplomatic process with a country that is now at war with us," said ministry spokesman Esmaeil Baqaei. Britain, France and Germany called on Iran "not to take any further action that could destabilise the region". As the world awaited Iran's response, supreme leader Ayatollah Ali Khamenei called the bombing campaign Israel launched on June 13 "a big mistake". - 'Regime change' - US Secretary of State Marco Rubio called on China to help deter Iran from closing the Strait of Hormuz, a chokepoint for one-fifth of the world's oil supply. With Iran threatening US bases in the region, the State Department issued a worldwide alert cautioning Americans abroad. In central Tehran on Sunday, protesters waved flags and chanted slogans against US and Israeli attacks. In the province of Semnan east of the capital, 46-year-old housewife Samireh said she was "truly shocked" by the strikes. "Semnan province is very far from the nuclear facilities targeted, but I'm very concerned for the people who live near," she told AFP. Iranian President Masoud Pezeshkian said the US strikes revealed Washington was "behind" Israel's campaign against the Islamic republic and vowed a response. After the Pentagon stressed the goal of American intervention was not to topple the Iranian government, Trump openly toyed with the idea. "It's not politically correct to use the term, 'Regime Change,' Trump posted on his Truth Social platform. "But if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn't there be a Regime change???" Hours later he doubled down on emphasising the success of his strikes. "Monumental Damage was done to all Nuclear sites in Iran, as shown by satellite images. Obliteration is an accurate term!" Trump wrote, without sharing the images he was referencing. At a Pentagon press briefing earlier in the day, top US general Dan Caine said "initial battle damage assessments indicate that all three sites sustained extremely severe damage." Israeli Prime Minister Benjamin Netanyahu, meanwhile, said his country's bombardments would "finish" once the stated objectives of destroying Iran's nuclear and missile capabilities have been achieved. "We are very, very close to completing them," he said. - 'Blow up' - Israeli strikes on Iran have killed more than 400 people, Iran's health ministry said. Iran's attacks on Israel have killed 24 people, according to official figures. Rafael Grossi, director of the International Atomic Energy Agency (IAEA), told an emergency meeting of the UN Security Council that craters were visible at the Fordo facility, but it had not been possible to assess the underground damage. "Armed attacks on nuclear facilities should never take place," he added. Iranian Foreign Minister Abbas Araghchi, who was due to meet with Russian President Vladimir Putin on Monday, had accused the United States of deciding to "blow up" nuclear diplomacy with its intervention in the war. While Russia condemned the Israeli and US strikes, it has not offered military help and has downplayed its obligations under a sweeping strategic partnership agreement signed with Tehran just months ago. On Sunday, Russia, China and Pakistan circulated a draft resolution with other Security Council members that calls for an "immediate ceasefire" in Iran. burs-ami/dv Originally published as Iran vows retaliation for US strikes as Israel keeps up attacks
News.com.au
an hour ago
- News.com.au
Iran vows retaliation for US strikes as Israel keeps up attacks
Tehran threatened on Monday to inflict "serious" damage in retaliation for US strikes on the Islamic republic's nuclear facilities, as the Iran-Israel war entered its 11th day despite calls for de-escalation. Aerial assaults meanwhile raged on, with air raid sirens sounding across Israel and AFP journalists reporting several blasts were heard over Jerusalem. The Israeli military said it had struck missile sites in western Iran as well as "six Iranian regime airports" across the country, destroying fighter jets and helicopters. President Donald Trump said US warplanes used "bunker buster" bombs to target sites in Fordo, Isfahan and Natanz, boasting the strikes had "obliterated" Iran's nuclear capabilities. Other officials said it was too soon to assess the true impact on Iran's nuclear programme, which Israel and some Western states consider an existential threat. Iranian armed forces spokesman Ebrahim Zolfaghari said on state television that the US "hostile act", following more than a week of Israeli bombardments, would "pave the way for the extension of war in the region". "The fighters of Islam will inflict serious, unpredictable consequences on you with powerful and targeted (military) operations," he warned. Global markets reacted nervously, with oil prices jumping more than four percent early Monday. China urged both Iran and Israel to prevent the conflict from spilling over, warning of potential economic fallout. Oman, a key mediator in the stalled Iran-US nuclear talks, condemned the US strikes and called for calm. Iran's foreign ministry accused Washington of betraying diplomacy. "Future generations will not forget that the Iranians were in the middle of a diplomatic process with a country that is now at war with us," said ministry spokesman Esmaeil Baqaei. Britain, France and Germany called on Iran "not to take any further action that could destabilise the region". As the world awaited Iran's response, supreme leader Ayatollah Ali Khamenei called the bombing campaign Israel launched on June 13 "a big mistake". - 'Regime change' - US Secretary of State Marco Rubio called on China to help deter Iran from closing the Strait of Hormuz, a chokepoint for one-fifth of the world's oil supply. With Iran threatening US bases in the region, the State Department issued a worldwide alert cautioning Americans abroad. In central Tehran on Sunday, protesters waved flags and chanted slogans against US and Israeli attacks. In the province of Semnan east of the capital, 46-year-old housewife Samireh said she was "truly shocked" by the strikes. "Semnan province is very far from the nuclear facilities targeted, but I'm very concerned for the people who live near," she told AFP. Iranian President Masoud Pezeshkian said the US strikes revealed Washington was "behind" Israel's campaign against the Islamic republic and vowed a response. After the Pentagon stressed the goal of American intervention was not to topple the Iranian government, Trump openly toyed with the idea. "It's not politically correct to use the term, 'Regime Change,' Trump posted on his Truth Social platform. "But if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn't there be a Regime change???" Hours later he doubled down on emphasising the success of his strikes. "Monumental Damage was done to all Nuclear sites in Iran, as shown by satellite images. Obliteration is an accurate term!" Trump wrote, without sharing the images he was referencing. At a Pentagon press briefing earlier in the day, top US general Dan Caine said "initial battle damage assessments indicate that all three sites sustained extremely severe damage." Israeli Prime Minister Benjamin Netanyahu, meanwhile, said his country's bombardments would "finish" once the stated objectives of destroying Iran's nuclear and missile capabilities have been achieved. "We are very, very close to completing them," he said. - 'Blow up' - Israeli strikes on Iran have killed more than 400 people, Iran's health ministry said. Iran's attacks on Israel have killed 24 people, according to official figures. Rafael Grossi, director of the International Atomic Energy Agency (IAEA), told an emergency meeting of the UN Security Council that craters were visible at the Fordo facility, but it had not been possible to assess the underground damage. "Armed attacks on nuclear facilities should never take place," he added. Iranian Foreign Minister Abbas Araghchi, who was due to meet with Russian President Vladimir Putin on Monday, had accused the United States of deciding to "blow up" nuclear diplomacy with its intervention in the war. While Russia condemned the Israeli and US strikes, it has not offered military help and has downplayed its obligations under a sweeping strategic partnership agreement signed with Tehran just months ago. On Sunday, Russia, China and Pakistan circulated a draft resolution with other Security Council members that calls for an "immediate ceasefire" in Iran.
Perth Now
an hour ago
- Perth Now
ASX falls to three-week low on Iran fears
The Australian sharemarket slipped to a three-week low on Monday, despite Commonwealth Bank reaching a new record high, on the back of fears an Iranian response to the US bombing could see the price of crude oil skyrocket. On a volatile day of trading, the benchmark ASX200 fell 30.6 points or 0.36 per cent to 8,474.9 on Monday – its lowest point since June 3 – although it rallied from down nearly 1 per cent during the afternoon's trading. The broader All Ordinaries also slumped, down 35.50 points or 0.41 per cent to close the session at 8,688. The Aussie dollar also fell on the news out of Iran and is now buying US64.18c. On an overall volatile day, eight of the 11 sectors finished in the red, with financials and the energy sector leading the way. Eight of the 11 sectors fell during a volatile day of trading. Photo: Gaye Gerard / NewsWire Credit: News Corp Australia IG market analyst Tony Sycamore said the sell-off was in line with US futures on well-founded fears after the US conducted strikes with B-2 Stealth Bombers on three Iranian nuclear sites over the weekend. 'The US insists the strikes were aimed at halting Iran's nuclear ambitions, not regime change, but Trump's rhetoric suggests openness to further action, Mr Sycamore said. 'You would have been forgiven for thinking we would have a really volatile session on Monday. 'Whether it's just caution or because we have seen nothing from Iran just yet to shake things up further … we are in a hold until we know more.' One of the bright spots on the ASX was the financial sector, with Commonwealth Bank hitting a fresh record high of $184.41, before closing up 1 per cent to $184.35. Mr Sycamore said Commonwealth Bank remains a 'juggernaut that steamrollers people.' 'I don't know where it stops and when it stops but it's the best of the banks and that is the sector where people want to be,' he said. The ASX fell after the US confirmed bombs were dropped on Iran's nuclear facilities. Photo: Gaye Gerard / NewsWire Credit: News Corp Australia Overall, it was a mixed day for the major banks, with Westpac closing up 0.63 per cent to $33.42. National Australia Bank slipped on the bell, down 0.08 per cent to $38.88 and ANZ dropped 0.63 per cent to $28.21. Energy stocks, which initially bounced on the opening bell, trimmed their earlier gains in line with the oil price but still closed the day in the green. Takeover target Santos closed 1 per cent higher to $7.78 while Woodside Energy traded flat and Ampol gained 0.47 per cent to $5.86. Iron ore miners continued their weakness with market heavyweight BHP slumping 1.57 per cent to $35.64, Rio Tinto dropping 0.33 per cent to $101.83 and Fortescue Metals sliding 1.02 per cent to $14.54. In company news, shares in Australia's largest airline Qantas fell 1.85 per cent to $10.08 on the back of higher oil prices. Discounted retailer The Reject Shop announced shareholders had overwhelmingly voted in favour of a $259m takeover by Canadian discount retailer Dollarama at a meeting on Monday. Homewares and furniture retailer Adairs plunged 20.5 per cent to $2.05 after telling the market that full-year earnings would come in below last year's.
