ASX futures pointed 0.3% lower after the S&P 500 fell 0.7%. EBOS, Fletcher Building, Mirvac and Pioneer Credit reported. Oil held above $91 a barrel.
Alpha Score of 49 reflects weak overall profile with strong momentum, poor value, moderate quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
ASX 200 futures were down 24 points, or 0.3%, to 8976, pointing to a slightly lower open. The drop follows a broad selloff across US markets, where the S&P 500 lost 0.7% and the Nasdaq Composite fell 1.3%. Tech stocks led the decline as heavyweight semiconductor and AI-linked names pulled back.
Elevated oil prices added pressure. Brent crude held above $91 a barrel as Middle East tensions continued. Wood Mackenzie, the global commodity research firm, said the conflict is creating volatility in oil markets and driving interest in electric vehicles. David Brown, director of energy transition research at the firm, described an “electric shock scenario” where policy, consumer behaviour and technology move in the same direction. “If these forces converge all at once, the effect on EV adoption could be dramatic,” he said.
A batch of ASX earnings reports drew attention.
EBOS Group posted revenue of $13.5 billion, up 9.9%. Underlying EBITDA rose 5% to $614 million. The company said the result reflected broad-based growth across healthcare and animal care, plus contributions from recent acquisitions. It delivered all FY26 guidance metrics within stated ranges.
Fletcher Building returned to profit. Net earnings were $228 million, an improvement of $647 million on FY25. EBIT rose 26%. MD Andrew Reding said the strategic reset is delivering results. “Fletcher Building is significantly more resilient than it was 12 months ago,” he said. The company sold its construction division and other non-core units, using the proceeds to strengthen the balance sheet.
Mirvac Group reported an operating profit of $508 million for the year ended June 30, 2026, up 7%. Distribution rose 6% to $376 million. The group said the result was in line with guidance.
Pioneer Credit delivered a record statutory net profit after tax of $23.1 million, up 245% from FY25. It was in line with upgraded guidance. Purchased debt portfolio investment reached a record $105.1 million, ahead of the company’s own forecast.
In currencies, the Australian dollar bought US$0.708. Iron ore in Singapore rose 0.35% to $95.28 a tonne. Brent crude gained 0.31% to $91.149 a barrel. US natural gas futures jumped 3.86% to $2.7939 per gigajoule.
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