Australian Market - XJO +0.17% as mining and fintech earnings lift sentiment
$S&P/ASX 200(XJO.AU)$ edged up 0.17% to 8,744.4 over the week, as strong gains in iron ore miners, gold producers, and a blockbuster fintech earnings report offset softness in select defensive names..
Industry leaders: Motorcycle Manufacturers (+20.00%) led the charge on renewed consumer demand and export optimism; Data Center REITs (+17.23%) surged on AI infrastructure demand and accretive asset sales; Electrical Components & Equipment (+16.20%) advanced on global semiconductor and electrification tailwinds.
8 Popular Stocks:
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$BHP GROUP LTD(BHP.AU)$ +5.48% — The Big Australian rallied alongside iron ore and copper price strength. While Westpac continues to forecast a 20% drop in iron ore to US$83/t by end-2026 on rising supply and reduced Chinese steel output, near-term supply constraints and resilient Chinese port inventories provided a tailwind this week.
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$Rio Tinto Ltd(RIO.AU)$ +3.93% — The diversified miner advanced on solid operational momentum across its Pilbara iron ore and Oyu Tolgoi copper assets. Like BHP, it remains exposed to long-term iron ore headwinds, but near-term cash generation continues to underpin shareholder returns.
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$FORTESCUE LTD(FMG.AU)$ +6.3% — Fortescue outperformed its larger peers, buoyed by strong shipping volumes and ongoing progress in its green-energy pivot. The stock has historically traded at a discount to BHP and Rio, making it a leveraged play on any short-term iron ore price strength.
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$NEWMONT CORP-CDI(NEM.AU)$ +4.33% — The world's largest gold miner tracked the yellow metal higher, with gold futures pushing toward record levels on safe-haven demand and central-bank buying. Newmont's scale and global reserve base keep it a core holding for precious-metals exposure.
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$EVOLUTION MINING LTD(EVN.AU)$ +7.41% — The mid-tier gold producer was the standout in the sector, surging after releasing its annual Mineral Resources and Ore Reserves Statement, which highlighted reserve growth and operational consistency. The stock has now climbed firmly into positive territory for 2026.
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$Vault Minerals Ltd(VAU.AU)$ +3.98% — Vault Minerals rallied after announcing a merger of equals with Regis Resources, creating Australia's third-largest primary gold producer with combined output exceeding 700,000 oz/year and a pro forma market cap of roughly $10.7 billion.
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$ANZ GROUP HOLDINGS LTD(ANZ.AU)$ ) +3.31% — ANZ surged after delivering a blowout half-year result: cash profit jumped 70% to $3.78 billion, the interim dividend was held at 83 cents with franking lifted to 75%, and the cost-to-income ratio improved sharply to 49.4%. CEO Nuno Matos emphasised the bank's transformation is "running at pace."
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$Block Inc(XYZ.AU)$ ) +5.2% — The fintech giant (trading as Block CDI on ASX) soared after Q1 gross profit rose 27% YoY to US$2.91 billion and full-year guidance was lifted to US$12.33 billion in gross profit and adjusted EPS of US$3.85. Share buybacks accelerated to US$636 million in the quarter.
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