GgoogleAU first seen 2 d ago, last 1 d ago, peak #1

ASX set to fall as Middle East tensions weigh and NAB plans job cuts

Original: asx

Australian shares are expected to open lower amid heightened Middle East tensions, even as global markets rose on hopes of US-Iran de-escalation and falling oil prices. National Australia Bank says it will cut up to 2,500 jobs by fiscal 2027. Meanwhile, NextDC shares dived after a delay to its Melbourne datacentre expansion, and investors are watching gold producers nearing production milestones.

Why now: Investors are reacting to geopolitical risk, NAB's major job cut announcement and sharp moves in local stocks like NextDC.

ASXNational Australia BankNextDCSpaceXStarlink

Open on google →

Evidence

• ASX retreats as retailers fall, tech stocks gain; Nick Scali tanks · SMH.com.au
• Live: Government extends pause on KPMG contracts after leaks scandal · ABC News & Headlines – Australian Broadcasting Corporation
• ASX200 LIVE: ASX falls; DeepSeek raises $21b in challenge to leading US labs · AFR
• Australia’s largest datacentre operator NextDC’s shares dive as Melbourne expansion delayed · The Guardian
• SpaceX Third-Quarter Earnings Live Analysis · Bloomberg.com
• SpaceX’s revenue jumps in second-ever earnings report amid Starlink turmoil · The Guardian
• ASX Preview: Australian Shares to Fall Amid Middle East Tensions; National Australia Bank to Cut Up to 2,500 Jobs in Fiscal 2027 · Yahoo Finance Australia
• Stocks Rise as US-Iran Hopes Trigger Oil Decline: Markets Wrap · Bloomberg.com
• ASX goldies approaching the finish line in path to production · The Mercury

API: https://socialmediatrends-api.osmike.com/v1/trends/3034660