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ASX:NEC 26 January 2026 - 2 February 2026

Australia stock market sinks as ASX 200 hit by gold rout — what to watch before the RBA call

Australia stock market sinks as ASX 200 hit by gold rout — what to watch before the RBA call

Australian shares fell sharply Monday, with the S&P/ASX 200 down 1.02% to 8,778.6, its lowest close since January 12, as gold miners led declines. Spot gold slid 3.2% to $4,708 an ounce amid forced selling, while BHP dropped 2.3% and Santos lost 3.3%. The Aussie dollar slipped to $0.6924. Investors await Tuesday’s Reserve Bank of Australia rate decision.
Australia stock market today: ASX 200 slips as miners sink, RBA rate call looms

Australia stock market today: ASX 200 slips as miners sink, RBA rate call looms

ASX 200 fell 0.65% to 8,869.1 as miners and gold stocks slumped, with Rio Tinto down 3.5% and BHP off 1.8%. Hotter-than-expected core inflation pushed markets to price in a 75% chance of an RBA rate hike next week. The Australian dollar slipped to 70.02 U.S. cents. Whitehaven reported a 21% jump in quarterly coal output to 11 million tonnes.
Australian dollar jumps to a 15-month high as rate-hike bets return

Australian dollar jumps to a 15-month high as rate-hike bets return

The Australian dollar hit $0.6917, its strongest since September 2024, as thin Australia Day holiday trading amplified volatility. A sharp drop in the U.S. dollar and record highs in gold and silver fueled the move. Traders now see a 63% chance of an RBA rate hike in February, with the cash rate steady at 3.60%. The ASX cash market was closed for the holiday.
26 January 2026

Stock Market Today

  • Toromont Industries Shares Surpass 200-Day Moving Average Amid Analyst Upgrades
    March 20, 2026, 3:37 AM EDT. Toromont Industries Ltd. (TSE:TIH) stock traded above its 200-day moving average of C$170.27 on Thursday, hitting a high of C$196.50. The company boasts a market cap of C$15.69 billion and a price-to-earnings ratio of 31.74. Notably, five analysts maintain a Buy rating, with the average price target raised to C$198.63. Recent earnings showed a C$1.92 earnings per share (EPS) on C$1.42 billion revenue. Toromont also increased its quarterly dividend to C$0.56 per share, yielding 1.2%. Insider activity included a sale of 972 shares at C$201.60 each. The firm's improving fundamentals and upward analyst revisions highlight growing investor confidence in the stock.
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