The Aussie market slipped for a second day as global investors braced for a volatile US reopening following President Trump’s latest tariff threats regarding Greenland. Materials and Financials led the declines, with BHP weighed down by rising project costs despite record production, and ARB tumbling 12% on a profit downgrade. In contrast, Utilities found support through Origin Energy, which delayed its Eraring plant closure to bolster supply stability, while Hub24 and Telix Pharmaceuticals gained on positive corporate news. Precious metals remained a standout as gold and silver hit fresh record highs amid ongoing geopolitical tensions. Looking ahead, the return of US trade, Netflix earnings, and a wave of local quarterly reports from Northern Star and Evolution all shape the next 24 hours.

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