FEAR & GREED | Business News BHP pips CBA to lead the ASX; hottest property in 2026; $Trump tanks
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Jan 27, 2026 BHP overtaking Commonwealth Bank and miners reshaping the ASX top 25. A market rally with gold, silver and Aussie dollar moves. Business confidence rising ahead of crucial inflation data. Forecasts naming Queensland, WA and SA as hottest property markets for 2026. Santos sends its first Barossa LNG cargo to Japan. The sudden collapse of Trump and Melania meme coins.
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Miners Replace Banks At The Top
- BHP has overtaken Commonwealth Bank to become the largest ASX company, signalling a shift toward miners and away from dominant financials.
- A more diversified top-25 reduces reliance on banks and reflects changing investor allocations and ETF impacts.
ASX Is Small Globally, Big Local Pools Seek Returns
- The ASX represents only about 1.5–2% of global equities and would be a mid-sized company on the S&P 500 by market cap comparison.
- Large domestic superannuation pools push funds overseas and into private markets because the number of listed companies is shrinking.
Rally Led By Miners And Precious Metals
- Miners and big caps led a broad-based rally that lifted the ASX nearly 1% and pushed BHP up about 2.5%.
- Precious metals surged as safe-haven bets amid concerns about government debt and inflation risks.