39m agoMon 9 Mar 2026 at 11:15pmMarket snapshotASX 200: +1.4% to 8,721 points (live values below)Australian dollar: +0.1% to 70.71 US cents\u00a0Dow Jones:\u00a0+0.5% to 47,740 pointsS&P 500: +0.8% to 6,795 pointsNasdaq: +1.4% to 22,695 pointsFTSE: -0.3% to 10,249 points\u00a0EuroStoxx: -0.7% to 594 points\u00a0Spot gold: -0.5% to $US5,137\/ounce\u00a0Brent crude: flat at $US98.96\/barrel\u00a0Iron ore: +0.8% to $US103.70tonne\u00a0Bitcoin: -0.5% to $US68,653<\/p>\n
Prices current around 10:15am AEDT.<\/p>\n
Live updates on the major ASX indices:<\/p>\n
2m agoMon 9 Mar 2026 at 11:53pm<\/p>\n
And now for something completely different<\/p>\n
From the people that brought you the ‘weekend’, unions are now calling for a 4 Day Working Week.<\/p>\n
In a submission to an inquiry about the national employment standards (NES) the Australian Services Union (ASU) will soon lodge a call for a “fundamental reset” of Australian workplace laws.\u00a0<\/p>\n
The union argues the current standards need modernising to help protect Australian workers.<\/p>\n
Here’s ASU National Secretary Emeline Gaske:<\/p>\n
\u201cWith increasing work and care responsibilities, soaring cost of living and ever-expanding demands on workers\u2019 time, we need to make sure that we have modern standards that give workers the flexibility to manage their increasingly busy lives.\u00a0<\/p>\n
\u201cWe are calling for a suite of reforms to modernise the NES, a four-day work week, roster\u00a0justice\u00a0and guards against work intensification.\u00a0<\/p>\n
\u201cWork has become increasingly complex and Australian workers are working longer and longer hours. There are so many new pressures on workers and\u00a0it\u2019s\u00a0time for the next evolution in workplace design.\u201d\u00a0<\/p>\n
Call for ‘roster justice’<\/p>\n
The ASU submission will also call for what might sound like a new concept: ‘roster justice’.<\/p>\n
Essentially it means more standard and better-scoped out rostering patterns.<\/p>\n
The union wants a new national standard requiring at least two weeks\u2019 notice for shift rostering.<\/p>\n
\u201cLife\u00a0doesn’t\u00a0happen in 24-hour increments. You cannot arrange childcare, healthcare, or a life outside of work if you only find out your shifts the night before,\u201d said Ms. Gaske.\u00a0<\/p>\n
\u201cRoster justice is about dignity and giving workers the ability to plan their lives.\u201d<\/p>\n
More to come.<\/p>\n
8m agoMon 9 Mar 2026 at 11:47pm<\/p>\n
Luck needed<\/p>\n
Totally confused ! All \u2018experts\u2019 say oil prices will continue to rise – they drop. Global turmoil will decimate risk assets (shares\/bitcoin etc.) – they rise. Investors will chase safe havens (gold etc. ) – it drops. Wish the team good luck making sense of it all !!!<\/p>\n
– Phillip<\/p>\n
Thanks Phillip. Good luck to us all.<\/p>\n
14m agoMon 9 Mar 2026 at 11:41pm<\/p>\n
Fertiliser market grows uncertain<\/p>\n
As noted in that last post, watch out for the rising cost of fertiliser.<\/p>\n
Rabobank is a bit of an agriculture specialist and senior farm input analyst Samuel Taylor\u00a0has a stark summary of where things are at:<\/p>\n
“The current conflict in the Middle East, and its effects on shipping and access to the Strait of Hormuz, is disrupting global fertiliser markets, raising prices and tightening supply across global agriculture. Within 48 hours of the first strike on Iran, North African urea prices surged by nearly 20% and EU natural gas jumped by ~45%, underscoring the region\u2019s critical role in global fertiliser flows.”<\/p>\n
If you’re more graphically minded, here’s where the vital stock is made \u2014 that the world relies on to feed itself.<\/p>\n
![\"Map](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/lcimg-834c1e81-24e6-430a-91e0-304ba3bcafd9.jpeg\")
Middle East fertiliser production and areas affected by airstrikes (Rabobank)<\/p>\n
21m agoMon 9 Mar 2026 at 11:34pm<\/p>\n
Top movers: energy companies slide after yesterday’s lifts<\/p>\n
Early trading in the ASX is underway.<\/p>\n
The first losers share a theme: they are energy companies that were boosted in yesterday’s AAARRGH response to signs the Middle East conflict would be prolonged.<\/p>\n
![\"Top](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/lcimg-8ebe6b11-7030-4757-8787-4f697f0453a1.jpeg\")
Top movers in early trade (LSEG)<\/p>\n
26m agoMon 9 Mar 2026 at 11:29pm<\/p>\n
Aluminium at four-year highs on Middle East shipping disruptions<\/p>\n
Remember when the lasting economic impact of Russia’s invasion wasn’t rocketing fuel prices, but the knock-on effect on shipping, fertilizer and input costs for products?<\/p>\n
(That led to a global inflation spike that took years to combat and we’re not there yet).<\/p>\n
This from Reuters is another red flag about that scenario flowing from the conflict in Iran and across the Middle East.<\/p>\n
Aluminium prices hit four-year highs on Monday as fears of prolonged shipping disruptions in the Middle East due to the US-Israeli war against Iran\u00a0fuelled concerns about supplies of the metal.<\/p>\n
Benchmark aluminium\u00a0was down -1.5% at $3,394 a metric ton from an\u00a0earlier $3,544 a ton, the highest since March 2022 when prices of the metal used in transport, construction and packaging hit a record $4,073.50.<\/p>\n
Conflict in the Middle East has virtually shut the Strait of Hormuz through which aluminium produced in the region is shipped to the U.S. and Europe.<\/p>\n
“The Europeans are particularly concerned, as the Gulf aluminum stoppage comes just as long-term supplier
Mozal is going offline this month,” said Marex analyst Ed Meir.<\/p>\n
“Some producers are looking to draw down stocks from outside the region so as to fulfill their obligations, but we suspect this is going to be difficult given the preponderance of Russian metal on the exchange (currently sanctioned) and generally low inventories otherwise.”<\/p>\n
In December, South32 said its 560,000-metric-ton-per-year capacity Mozal smelter would be placed on ‘care and maintainance’ from mid-March, after talks with utilities and Mozambique’s government failed to yield a new power deal.<\/p>\n
Worries about supplies have flipped the discount or contango for the cash aluminium contract over the three-month forward into a premium or backwardation. It climbed to $47.4 a ton on Friday, the highest since February 2022 and was last around $22 a ton.<\/p>\n
36m agoMon 9 Mar 2026 at 11:19pm<\/p>\n
The latest on the Middle East war<\/p>\n
For rolling updates of the conflict in Iran and the broader Middle East, there’s a whole other blog for you to consume.<\/p>\n
Our colleagues here and in the region can update you with the latest information.<\/p>\n
44m agoMon 9 Mar 2026 at 11:10pm<\/p>\n
More super changes coming<\/p>\n
Payday Super legislation comes into effect from July 1, 2026.<\/p>\n
It is what it says on the tin: that instead of being able to make superannuation payments up to quarterly, workers will need to receive their super on the same timelines as their pay.<\/p>\n
(Which for most people is fortnightly or weekly).<\/p>\n
An interesting note from RSM Australia Restructure & Recovery Partner Adrian Hunter,\u00a0who worries the changes could create working capital
\nissues for many businesses.<\/p>\n
\u201cBusiness owners only have four months until these changes come into effect, so businesses already
\nstruggling with cash flow must act now to prevent becoming insolvent.<\/p>\n
\u00a0\u201cMarch often brings with it an uptick in businesses insolvencies\u00a0\u2014\u00a0we know businesses are already under
\nimmense pressure at this time of year.\u00a0<\/p>\n
\u00a0\u201cWe\u2019ve just come out of the Christmas period, where many businesses will have had to pay employee
\nentitlements while revenue slowed down or stopped entirely. On top of this, fourth quarter BAS payments
\nwere due at the end of February, putting additional strain on their working capital.\u00a0<\/p>\n
\u201cFor many small and medium-sized businesses, this new Payday Super legislation will only further increase
\nthe pressure on their cash flow and extend it throughout the year.\u201d\u00a0<\/p>\n
The issue was flagged in the unsuccessful attempts of several accounting lobby groups that tried to delay the introduction by two years to give business time to adjust to the regime. The government didn’t blink on that one; it starts in a few months.<\/p>\n
(In the interests of disclosure, I’ve used Adrian Hunter as an expert in reports about insolvency and we even knew each other growing up in Gippsland.)<\/p>\n
One of the issues is that superannuation is currently calculated as 12 per cent of ordinary time earnings (OTE).<\/p>\n
But from July, super will be calculated as 12 per cent of qualified earnings (QE), which comprises of ordinary time earnings (OTE) and other payments.<\/p>\n
This is because some payments like commissions and shift penalties are worked out after they do the work – this was part of the accounting lobby’s claim that it couldn’t be sorted in time.<\/p>\n
When superannuation funds don\u2019t receive contributions on time, employers can face penalties in excess of 60% of the superannuation shortfall. The level of pay will vary depending on the employer’s history of meeting obligations.<\/p>\n
Mid last year, with Adelaide Miller, we wrote about some of the problems in super.<\/p>\n
Payday super should reduce one of them – unpaid super\u2014 but it’s not without complications, as you can read.<\/p>\n
53m agoMon 9 Mar 2026 at 11:01pmASX 200 leaps more than +1% at opening<\/p>\n
The flagship ASX 200 is up +1.4% at opening.<\/p>\n
It’s 100 points higher to 8,692.2 points.<\/p>\n
It fell nearly -3% yesterday.<\/p>\n
More to come.<\/p>\n
1h agoMon 9 Mar 2026 at 10:54pm<\/p>\n
The biggest market sell-off since ‘Liberation Day’<\/p>\n
As we prep for today, breath in deep and examine yesterday.<\/p>\n
The ASX was hit with a sharp sell-off, as the Brent crude oil price skyrocketed as much as 25 per cent to almost $US120 a barrel.<\/p>\n
\u00a0It’s the Australian market’s worst day since the “Liberation Day” sell-off in April 2025. The ASX 200 closed down 2.9 per cent.<\/p>\n
\u00a0Wall Street tumbled after the continuation of Middle East hostilities sent oil prices rocketing and new data showed a sharp deterioration in the US jobs market.<\/p>\n
AMP’s deputy chief economist Diana Mousina says “markets are finally responding to news that this is probably not going to be resolved as quickly as they would have liked.”<\/p>\n
Roger Montgomery from Montgomery Investment Management put it this way:\u00a0“It’s not unusual for markets to act and behave like a deer in the headlights, waiting for the train to hit before everyone piles on.”<\/p>\n
Hear from president of Chicago-based Northern Asset Trust Management, Michael Hunstad,\u00a0MST Financial senior energy analyst Saul Kavonic and Oxford Economics’ Ben Udy in this comprehensive package.<\/p>\n
Loading…<\/p>\n
1h agoMon 9 Mar 2026 at 10:47pm<\/p>\n
LISTO a GO as super laws grind through Parliament<\/p>\n
Beyond the Middle East, the Treasurer Jim Chalmers is notching a win, putting out a release that talks about the introduction of the LISTO.<\/p>\n
The What-O?<\/p>\n
The Low Income Superannuation Tax Offset (LISTO) fixes a problem suffered by low income earners, where the 15 per cent tax on superannuation contributions meant they often paid more tax on their superannuation contributions than on their other income.<\/p>\n
The ATO has a\u00a0summary here<\/a>.<\/p>\n “On 13\u00a0October 2025, the Australian Government announced from 1\u00a0July 2027 the Low Income Superannuation Tax Offset (LISTO) income threshold will increase from $37,000\u00a0to $45,000\u00a0to match the top of the second income tax bracket. The maximum payment will also increase to $810\u00a0to account for recent increases in the Superannuation Guarantee rate.”<\/p>\n As Dr J (I don’t think this will\/should catch on) puts it in a media release about a bill going through Parliament…<\/p>\n “The workers who stand to benefit from the LISTO change include over 100,000 sales assistants, over 50,000 administrative workers, over 50,000 aged care workers and disability carers, and over 50,000 child care workers.\u00a0<\/p>\n “Workers will receive a boost of up to $810 per year to their superannuation account depending on their income and contributions, with an average increase in the LISTO payment of $410 for affected workers.\u00a0<\/p>\n “Workers could receive a potential benefit at retirement of around $15,000 depending on an individual\u2019s income over their career.\u00a0\u00a0\u00a0<\/p>\n “Our policy to better target super concessions for large balances will continue to affect less than 0.5 per cent of all Australians in 2026\u201327.”<\/p>\n That last bit is about taxing income on big balances.<\/p>\n 1h agoMon 9 Mar 2026 at 10:14pm<\/p>\n Airline stocks lower to ground amid concerns<\/p>\n Unsurprisingly, the stock prices of key airlines are down, after the escalating conflict brought concerns about future travel plans.<\/p>\n Qantas was down 4.5% to 8.52 yesterday.<\/p>\n Virgin Airlines was down 5% to 2.74<\/p>\n In Asia, airline shares tumbled, with the worst-hit, including Korean Air Lines, which slid 8.6%, Air New Zealand\u00a0down 7.8% and Hong Kong’s Cathay Pacific\u00a0which dropped 5%.<\/p>\n In Europe, Air France KLM, British Airways-owner IAG, Wizz Air and Lufthansa\u00a0fell between 2.5% and 6% in morning trade.<\/p>\n Major US airlines shares were down about 1% to 5% in afternoon trading with JetBlue Airways\u00a0down 5.35% followed by American Airlines\u00a0down 3.44%.<\/p>\n Underscoring that pain on the consumer side were jumps in ticket prices. Direct flights from Seoul to London on March 11 with Korean Air Lines, for example, leapt to $4,359, from $564 seven days earlier, according to Google Flights data. Flights from Los Angeles to Lima on LATAM Airlines\u00a0rose to $2,125 compared to $499 in the same period.<\/p>\n “The issue for the airlines now is that travel demand may be curtailed as costs become prohibitive for leisure travellers and as some companies start to limit business travel due to the uncertain outlook,” said Lorraine Tan, director of equity research, Asia at Morningstar.<\/p>\n – With Reuters<\/p>\n 1h agoMon 9 Mar 2026 at 10:05pm<\/p>\n As fuel prices rocket, what happens to transport?<\/p>\n “Without trucking, Australia stops” reads the bumper sticker on a lot of large trucks that move what we need around the nation.<\/p>\n There’s no suggestion of stopping, but an increase in fuel prices is putting pressure on Australia’s road transport industry.<\/p>\n A great read from colleague Adelaide Miller about a sector that saw one in 12 businesses shut last year, unable to keep up with rising costs, according to data from CreditorWatch.<\/p>\n 2h agoMon 9 Mar 2026 at 9:50pm<\/p>\n War there, economic pain everywhere: the scenarios being calculated worldwide<\/p>\n War brings death, destruction and pain far beyond the land it touches.<\/p>\n Many Australians have links to and loved ones in the regions currently under fire.<\/p>\n
![\"Stephanie](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/10\/lcimg-38467754-a5e6-4c2e-97bd-ca15b178ac9c.jpeg\")
ASX 200: +1.4% to 8,721 points (live values below)Australian dollar: +0.1% to 70.71 US cents\u00a0Dow Jones:\u00a0+0.5% to 47,740 pointsS&P 500: +0.8% to 6,795 pointsNasdaq: +1.4% to 22,695 pointsFTSE: -0.3% to 10,249 points\u00a0EuroStoxx: -0.7% to 594 points\u00a0Spot gold: -0.5% to $US5,137\/ounce\u00a0Brent crude: flat at $US98.96\/barrel\u00a0Iron ore: +0.8% to $US103.70tonne\u00a0Bitcoin: -0.5% to $US68,653<\/p>\n![\"Daniel](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/10\/lcimg-4d9bae2c-0f8c-44d6-8b07-7d0c9a8ec755.jpeg\")
<\/p>\n