Telstra surprised the market with a bigger-than-expected interim dividend and an expanded buyback, lifting the whole ASX telco sector to record levels. Is this a genuine re-rate, or has the reliability already been priced in? Read our breakdown of the key numbers, valuation risk, and what matters next.
Oil jumped on 19 February 2026 as Iran–US tensions rose near the Strait of Hormuz. Brent moved above US$70 and risk premiums returned fast. If prices hold, ASX energy names like Woodside and Santos can see stronger earnings, but any diplomatic shift could reverse the move.
Silver’s move is being powered by rising industrial demand from solar, EVs, and AI infrastructure, not just safe-haven flows. With supply stuck and deficits persisting, the setup supports higher prices, but ASX silver stocks still carry volatility, permitting, and jurisdiction risk.
BHP hit record highs after a 22% profit jump, a much bigger dividend, and copper becoming its top earnings driver as AI-driven demand accelerates. Watch iron ore weakness, Jansen potash cost blowouts, and whether the rally has already priced in the good news.
Uranium is up 11% in January to US$91.10/lb. See what’s driving the rally and which ASX producers are in focus.
Copper has pushed to record highs above US$14,000/t. See what’s driving the move, which ASX copper stocks have leverage, and the risks to watch next.
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