Tuesday 13th January 2026
Daily Market Update: 14 January 2026
ASX rises on gold-driven mining rally
The Australian sharemarket closed higher, buoyed by a strong performance from the mining sector as escalating geopolitical tensions in Iran and expectations of continued US interest rate cuts lifted demand for gold. The S&P/ASX 200 Index (ASX: XJO) rose 41.6 points, or 0.5 per cent, to close at 8759.4, with nine out of 11 sectors advancing. Leading gains were consumer discretionary stocks, boosted by Light & Wonder Inc. (ASX: LNW) surging 18 per cent after settling a legal dispute with Aristocrat Leisure Limited (ASX: ALL). Gold miners drove the broader rally, with Ramelius Resources Limited (ASX: RMS) up 6.3 per cent following an upgrade from Goldman Sachs, alongside solid gains from Newmont Corporation (ASX: NEM), Northern Star Resources Limited (ASX: NST) and Regis Resources Limited (ASX: RRL).
Energy and critical minerals stocks climb, Super Retail falls
Energy shares extended gains as Brent crude prices climbed on fears of supply disruptions from Iran. Beach Energy Limited (ASX: BPT) rose 3.6 per cent and Woodside Energy Group Ltd (ASX: WDS) edged up 0.6 per cent. Investor focus also turned to critical minerals after the Australian government prioritized rare earths, antimony, and gallium in its $1.2 billion stockpiling plan. This supported gains for Lynas Rare Earths Limited (ASX: LYC) and Larvotto Resources Limited (ASX: LRV). Among other movers, PWR Holdings Limited (ASX: PWH) surged 10 per cent on a new US government contract, Regal Partners Limited (ASX: RPL) climbed on strong earnings guidance, and Clinuvel Pharmaceuticals Limited (ASX: CUV) advanced on new preclinical trials. Conversely, Super Retail Group Limited (ASX: SUL) dropped 5.3 per cent after issuing a disappointing earnings outlook, despite meeting sales expectations.
Wall Street slips as bank stocks drag
Global markets retreated, with major US indices closing lower amid pressure on financial shares and mixed corporate earnings. The S&P 500 Index (NYSEARCA: SPY) fell 0.2 per cent, the Dow Jones Industrial Average (INDEXDJX: DJI) dropped nearly 400 points, and the Nasdaq Composite Index (NASDAQ: IXIC) slipped 0.1 per cent. JPMorgan Chase & Co. (NYSE: JPM) declined 4.2 per cent despite beating earnings forecasts, weighed by lower investment banking revenue and concerns over proposed interest rate caps on credit cards. Payment giants Visa Inc. (NYSE: V) and Mastercard Incorporated (NYSE: MA) both lost over 4 per cent. Delta Air Lines, Inc. (NYSE: DAL) also dropped more than 2 per cent after issuing a weaker earnings outlook. Earlier optimism from US CPI data aligning with expectations gave way to caution over policy uncertainty.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.5 | 1.4 | 2.0 | -0.3 | 10.5 |
| Financials | 1.0 | -0.2 | -0.5 | -3.9 | 10.0 |
| Resources | 1.7 | -0.3 | 2.6 | 12.4 | 33.2 |
| Information Technology | -0.9 | 1.4 | -0.7 | -19.4 | -9.9 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | -0.2 | 0.6 | 0.8 | 6.2 | 19.3 |
| Europe | 0.4 | 1.0 | 2.9 | 4.7 | 26.5 |
| Japan | -1.0 | -1.8 | -3.8 | -1.2 | 17.0 |
| China top 50 | 2.2 | -0.3 | 0.1 | -2.6 | 27.0 |
| India top 50 | -0.1 | -1.0 | -1.7 | -2.4 | -3.0 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.0 | 0.4 | 0.5 | -1.3 | 3.8 |
| Australian Corporate Bond | 0.5 | 0.6 | -1.0 | 4.6 | |
| US Treasury | -0.1 | 0.2 | 0.2 | 6.3 | |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 4.0 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | 0.2 | 2.9 | 4.9 | 9.0 | 58.8 |
| Silver | 2.2 | 7.3 | 28.8 | 58.8 | 159.4 |
| Crude Oil | 0.8 | 4.2 | 4.1 | 1.7 | -12.7 |
| Bitcoin | -0.6 | 0.4 | 3.7 | -20.4 | -10.7 |
