FEAR & GREED | Business News Afternoon Report | Market rebounds as oil dips
5 snips
Mar 10, 2026 Markets bounce as oil retreats, sparking a rebound in the ASX and a shift in sector leadership. Discussion of major corporate moves, including a potential Glencore ASX listing. Humanitarian visas for Iranian women soccer players make headlines. Media controversy around a high profile radio personality is covered. Apple’s ramp-up of iPhone assembly in India is also highlighted.
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Market Rebound Driven By Oil Pullback
- ASX 200 rebounded 1.1% as oil fell below US$100 and tech led the recovery.
- Oil dropped from near US$120 to about US$94, boosting miners, Life360, TechnologyOne and BHP gains.
Iranian Players Granted Asylum After Diplomatic Call
- Five Iranian women's soccer players were granted humanitarian visas to remain in Australia after refusing to sing Iran's anthem.
- Their asylum followed a late-night phone call between Donald Trump and Anthony Albanese and the players leaving their hotel under protection.
Glencore Considers ASX Listing To Lift Valuation
- Glencore is weighing a secondary ASX listing to boost Australian investor familiarity and valuation after merger talks with Rio Tinto collapsed.
- CEO Gary Nagle said the logic of a merger still exists but valuation gaps remain.