Reporting season: All the latest news from companies releasing financial results to the ASX today

The Reserve Bank’s interest rate decision will be pivotal - for what it means for future rate decisions.

Money markets and economists are in near-unanimous agreement that the Reserve Bank’s monetary policy board will hold the cash rate steady at 4.35 per cent when it wraps up its latest two-day meeting this afternoon.

But rate watchers will get a new set of economic forecasts and Reserve Bank commentary to pore over for signs of where interest rates will go next.

With uncertainty still hanging over the Middle East conflict, house prices and the resilience of Australian households, Morgan Stanley’s Australian chief economist Chris Read expects a hawkish tone from the board statement and governor Michele Bullock’s press conference.

“The governor is likely to emphasise the persistence of above-target inflation and the risk it poses to inflation expectations, although the softer domestic demand outlook should temper that message somewhat,” he and his colleagues wrote in a research note.

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Macmahon has snared a $406.2 million contract at New Zealand’s Snowy River gold mine.

The underground mining work for Endura Mining subsidiary Tasman Mining is near Reefton on the South Island and is set to turn out first gold in December.

Macmahon will transition the underground operations to deliver underground mining services, including mine development, production and backfill operations.

The five-year contract, which will start in October 2026, marks Macmahon’s return to mining in New Zealand.

Endura was foundeed by former Evolution Mining executive chair Jake Klein.

Macmahon MD Michael Finnigan said Snowy River was a high-grade project that’s set to become one of New Zealand’s largest gold operations.

“Our long-term contract highlights Macmahon’s underground mining capabilities and establishes the company as a key partner to advance the project towards production,” Finnigan said.

“The Snowy River project combines Macmahon’s technical and mining expertise with Endura’s vision for the asset.”

Ryan Stokes says industrial giant SGH remains on the hunt for takeover deals in the aftermath of a $15 billion Bluescope bid earlier this year.

The SGH chief executive also warned east coast manufacturers against “cheap shots” about gas pricing but was confident there would be a “constructive pathway” forward on the Federal Government’s hotly-debated proposal for a reservation scheme.

ASX-listed SGH posted a statutory profit of $655 million in the year to June, up more than 30 per cent on the 2025 financial year.

That was particularly driven by rising earnings at construction materials company Boral, which were up 14 per cent.

Mr Stokes signalled his interest in steel-maker Bluescope remains after the $15b February takeover proposal was knocked back, adding that SGH would run the ruler over other industrial businesses.

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The Nasdaq and S&P 500 closed lower in the US overnight, with declines in Intel and other chipmakers, as investors became less confident about a deal to reopen the Strait of Hormuz.

US President Donald Trump demanded that Iran pay compensation for the people he said it had killed in wars, attacks and protests.

Earlier, Iran called for Washington to meet conditions, including recompensing Tehran for the damage caused since the US and Israel launched strikes on its territory more than five months ago.

With investors less optimistic about a resolution of the Middle East crisis, US crude oil jumped about 5.0 per cent to settle at $US82.13 a barrel.

Reopening the flow of oil through the Strait could mitigate concerns over heightened energy prices that have spurred inflation worries and led to concerns that central banks would have to raise interest rates.

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