FEAR & GREED | Business News Afternoon Report | Earnings season ends, ASX on high
5 snips
Feb 27, 2026 Markets hit a fresh ASX record and sector winners grabbed attention. Political fallout as a major review remains unpublished. Final day of reporting season brought mixed company updates and capital-raise drama. Regulators take action against an insurer over alleged overcharging. A major payments firm announces sweeping job cuts and a costly restructure.
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ASX 200 Hits Three Day Record
- ASX 200 hit a three-day record close, finishing at 9,199 points and up 3.7% for the month.
- The rally followed a volatile reporting season, led by materials and a big jump in Block driven by profit and job cuts.
Rare Earths Surge On Big US Supply Deal
- Rare earths miners outperformed with Linus Rare Earths up >10% and Iluka up >9% amid renewed optimism.
- Optimism tied to MP Materials signing a large supply deal with an unnamed automaker, suggesting big future demand.
Coalition Shelves 2025 Election Review
- The Federal Liberal Party will not publish its review of the 2025 election defeat despite criticism of strategy and policy.
- Party said it accepted the loss and will focus on rebuilding while Susan Lee's resignation triggers a Farrah by-election.