Good morning! Welcome to our live ASX 200 coverage for Thursday, July 30. Expect a high volume of posts pre-market and more periodic updates throughout the day. We'll be wrapping the blog up around 2:00 pm AEST.
Market Highlights
- ASX 200 Futures: Down 51 pts (-0.57%)
- US Benchmarks: Major US benchmarks tumbled and finished at worst levels
- S&P 500: Aggressively sold off in the last hour of trade, flipping from a ~0.2% gain to a negative close
- Fed Hold: Hawkish Fed hold, as three policymakers dissented in favour of a quarter-point hike, the most one-directional dissent since 2016
- US 30-Year Yields: Spiked to the highest since 2007
- Iran-US Tensions: Iran fired missiles at US bases in Jordan and Trump vowed retaliation, sending Brent up 6% to US$88 a barrel
Company News
- Perseus Mining: Missed on Q4 output and costs as AISC ran above estimates
- NAB: Business lending grows 4% in June quarter as watch loans climb 8%
- Predictive Discovery: Poured 64,026 oz as Kiniéro ramp-up lifts output 33%, cash tops US$364m
- Pantoro: Missed on Q4 costs and cash, reaffirms FY27 guidance
- Domino's: Reaffirmed FY26 underlying earnings but flags $259m in write-downs and a statutory loss
- Pilbara Minerals: Beat on Q4 output and shipments, guides FY27 production up to 1,100kt
- Boss Energy: Hits revised FY26 guidance with record Q4 uranium output and brings forward feasibility study
- Resolute: Lifts net cash to US$317m as gold production tracks 2026 guidance
Global Markets
- Divided Fed: Holds rates in first three-way dissent since 2016 as Warsh doubles down on less guidance
- Oil Surge: Oil surges as US-Iran fighting resumes, cutting across stalled Hormuz talks
- Meta Tumbles: Meta tumbles as EPS misses on legal charges and AI spending
- Starbucks Tops: Starbucks tops estimates on 70% EPS jump, lifts FY26 guidance
- Microsoft Beats: Microsoft beats as Azure surpasses $100bn, guides to accelerating cloud growth
- Kospi Plunges: Kospi plunges 16% in two days as retail selling triggers back-to-back circuit breakers
- JPMorgan's Trading Desk: Flags a tactical S&P 500 buy signal, days after Dimon warned off stocks
- Chip Stocks Shed: Chip stocks shed more than $1 trillion as AI selloff deepens
- Wall Street Sinks: US stocks close sharply lower as a chip rout and surging long-end yields collide with resurgent oil
- US 30-Year Treasury Yield: Hitting highest since 2007 as Fed holds and drops forward guidance
