Market Alert : Inflation and Oil Prices Climb as War Risks Escalate — The Road Ahead for the ASX 200

Mid-Market: S&P/ASX 200 Trading Higher; Trump lifts market sentiment

Source: Kapitales Research

On 24 March 2026, at AEDT 12:10 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 36.70 points or 0.44%, and is currently trading at 8,402.60 levels. Out of 11, 5 sectors are trading higher along with the gain in the S&P/ASX 200. 

The Materials and A-REIT sectors are the top 2 gaining sectors, gaining 3.33% and 0.77% in their index values. On the other hand, Energy and Information Technology sectors are the top 2 declining sectors, declining 1.05% and 0.33% in their index values.

Sandfire Resources Limited (ASX: SFR) and Capstone Copper Limited (ASX: CSC) are the top-gaining stocks, gaining 8.695% and 6.979% in their stock prices. On the other hand, Droneshield Limited (ASX: DRO) and Yancoal Australia Limited (ASX: YAL) are the top-losing stocks and are declining by 5.092% and 3.708% in their stock prices.

Factors influencing the market-

  • The Australian share market is trading higher today, bounced back from a 10-month low after U.S. President Donald Trump postponed planned strikes on Iranian energy facilities, citing ongoing discussions with Tehran, which lifted investor sentiment and raised hopes of easing tensions in the Middle East.

  • The Material sector recovered as copper recorded its biggest surge in two months, while gold trimmed its sharp losses. BHP rose 3% and Rio Tinto gained 3.3%, while gold miners Northern Star and Newmont advanced more than 4%. 

  • Myer Holdings Limited’s shares jumped after the company reported a 32.8% rise in first-half profit to $40.3 million, driven by stronger earnings following the integration of its apparel brands.

  • Downer EDI edged up 1.7% after winning a $500 million integrated facilities management contract with Stockland, securing a five-year deal with an option to extend for another five years.

  • Orica Limited’s shares gained as it works to manage supply disruptions caused by an outage at an ammonia plant in Western Australia. The explosives manufacturer is relying on existing inventory and its global production network to limit the impact on customers.

  • The Dow Jones closed up by 1.38%, S&P 500 gained by 1.15% and Nasdaq was up by 1.38% in the previous session.

  • Hang Seng is down by 3.54%, and FTSE 100 is down by 0.24%.

 

 

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