Bendigo and Adelaide Bank lifts Q3 earnings by 13% and confirms job cuts
Australia’s Bendigo and Adelaide Bank reported a 13% rise in third‑quarter earnings and confirmed layoffs as it tightens costs in a high‑rate environment.
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Australia’s Bendigo and Adelaide Bank reported a 13% rise in third‑quarter earnings and confirmed layoffs as it tightens costs in a high‑rate environment.
Crude prices advanced after Iran accused the U.S. of violating terms of a two-week ceasefire, reviving a geopolitical risk premium and refocusing markets on Middle East supply routes.
Asia markets traded mixed as investors weighed a fragile two-week Iran–U.S. ceasefire against broader earnings, inflation and rate considerations, with energy and shipping sentiment in focus.
A broad upswing offered a clean read on which stocks investors prefer now—profitable names with dependable earnings—while rate and inflation expectations continue to shape sector rotation.
The White House said the Strait of Hormuz should remain open without limitations during an Iran ceasefire, following reports that Tehran may seek cryptocurrency tolls from shippers. Energy markets are watching closely given the chokepoint’s outsized share of global oil flows.
Mexico’s S&P/BMV IPC closed up 0.13%, a modest gain as markets weighed inflation and interest-rate signals at home and from the Fed ahead of earnings updates.
Asia-Pacific markets opened mostly higher after a fragile Iran–U.S. ceasefire curbed an oil spike, with WTI near $98.48 and Brent at $95.92. Investors gauge inflation, earnings resilience, and rate expectations.
A prominent market voice flagged a growing divide within technology: hardware names gaining momentum while major software vendors lag. The shift, surfacing ahead of Q1 earnings, could reshape sector leadership and portfolio positioning.
American Airlines increased checked-bag fees for basic economy travelers, joining four other major U.S. carriers in adjusting baggage charges amid higher jet fuel costs. The move highlights cost pressures across the airline industry and potential ripple effects for fares, margins, and investor sentiment.