FEAR & GREED | Business News Afternoon Report | ASX surges, PM to address nation
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Apr 1, 2026 Markets roar as the ASX jumps 2.2% with miners and banks leading a big market-value gain. A rare televised address is announced to calm fuel supply worries and possible post-Easter measures. US forces timeline in Iran is discussed. Big dealer acquisitions reshape the auto sector. Companies pull off playful April Fool’s stunts.
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ASX Surge Driven By De-Escalation Hopes
- The ASX 200 rallied 2.2% led by miners as markets priced a possible de-escalation in Iran.
- Miners and gold stocks jumped (Newmont +4.5%, Greatland +15%, gold briefly >$4,700/oz) and the market added about $68bn.
Expect A Calming National Address On Fuel
- Anthony Albanese will give a rare televised address tonight aimed at calming fuel-supply fears ahead of Easter.
- Government urges voluntary fuel saving rather than rationing, and officials say supplies remain stable despite panic buying.
US May Withdraw After Meeting Military Objectives
- The US signalled a potential end to its Iran campaign in 2–3 weeks if military objectives are met, increasing political pressure.
- Donald Trump framed the goal as neutralising Iran's nuclear capability and urged unsupportive allies to 'go get your own oil.'