PRE-MARKET AUSTRALIAN STOCK NEWS

The Australian S&P Global Composite PMI Flash indicates a robust increase, particularly in manufacturing and services, suggesting a strengthening economic environment.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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PRE-MARKET AUSTRALIAN STOCK NEWS

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Australia

Capstone Copper (CSC AT) - Copper production at the Co.’s mine in northern Chile has halted amid a nearly three-week labour strike. (Bloomberg)

GenusPlus (GNP AT) – Co. upgraded its FY26 normalised EBITDA to 35% Y/Y (prev. guided 20-25%). (GenusPlus)

Guzman y Gomez (GYG AT) – The Co. agreed to a multi-year partnership with Uber (UBER), with the delivery service to become the Co.’s exclusive delivery partner in Australia. (Dow Jones)

IperionX (IPX AT) – Co. has received a USD 300mln order from American Rheinmetall (RHM GY) to produce 700 lightweight titanium components. (Dow Jones)

Miners – Commodities, such as gold, platinum and silver, continued to extend to record highs.

Bank of Queensland (BOQ AT) upgraded to Neutral from Underweight at JPMorgan.

Netwealth (NWL AT) upgraded to Buy from Hold at Jefferies.

Nine Entertainment (NEC AT) downgraded to Neutral from Overweight at JPMorgan.

Northern Star (NST AT) downgraded to Neutral from Buy at UBS.

South32 (S32 AT) upgraded to Buy from Neutral at UBS.

Other News

  • Australian S&P Global Composite PMI Flash (Jan) 55.5 (Prev. 51); Manufacturing PMI Flash (Jan) 52.4 (Prev. 51.6); Services PMI Flash (Jan) 56.0 (Prev. 51.1)
Context

Such data can influence market expectations surrounding rate adjustments and growth outlook, likely supporting the Australian dollar and impacting equity sentiment positively. This readout helps assess the broader economic trajectory amid ongoing commodity price movements, particularly in metals like gold and copper.

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