Afternoon Report | ASX breaks losing streak; Derryn Hinch dies
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Welcome to the Fear and Greed Business News Afternoon Report for Friday the 10th of July 2026. I'm Michael Thompson and every afternoon we've got the five stories that happened today that you need to know about. Let's go. Story number one, the S&P ASX 200 broke a four-day losing streak today, closing 0.5% higher to 8,806 points. It was mining stocks that led the gains today, in particular copper miners had a good one. South32 jumped more than 5% after an upgrade from Morgan's. Rio Tinto climbed almost 4%. BHP up 2.5%. Uranium stocks also rallied. This is after Australia and India finalized a long-term uranium export agreement. We spoke about that one on this morning's show. Paladin Energy was up 4%, Deep Yellow more than 7% higher.
The big four banks all finished higher today as well, though healthcare weighed on the market, ProMedicus falling more than 6% after a strong run over the past month, while CSL lost just over 2%. Energy stocks also eased despite oil prices remaining elevated.
How did the ASX 200 break its four‑day losing streak and which miners led the gains?
For the week, though, the market was still off half a percent over the last five days, with investors grappling with these renewed tensions in the Middle East. More on that one shortly. Story number two, Telstra Chief Executive Vicky Brady has apologised for Wednesday's nationwide outage, saying the telco had let Australians down in her first public appearance since the disruption, having returned to Australia early from annual leave. Brady confirmed that the outage did begin during routine maintenance on a network node responsible for time synchronization. A human operator was working on the node when it restarted, triggering a software fault that spread throughout the network. Telstra says that all services have now been restored.
Customers, including small businesses, unable to process payments during the outage can seek compensation through the company's usual complaints process. Meanwhile, South Australian police now say there was no link between the Telstra outage and the death of an elderly woman in that state. Two calls were made to Triple Zero to help the woman. Both of these calls made from a Telstra device connected successfully. Story number three, there was plenty of corporate news on the last day of the week. Bravura Solutions jumped 15% today after the financial services software group upgraded its 2026 fiscal year earnings guidance. WiseTech Global shares dropped more than 2% as it reassured investors that logistics giant DSV was still committed to its cargo-wise platform.
There was a bit of speculation over the future of that relationship. WiseTech said that DSV's cargo-wise transaction volumes had increased about 20% over the past six months. And data center operator NextDC said it will up its debt levels after securing support from local and international banks. Quite simply, it needs the money to build more centers. Story number four, veteran broadcaster and former Senator Darren Hinch has died aged 82. The outspoken journalist died in his sleep this morning, ending a media career that stretched across more than six decades in newspapers, radio and television. Hinch became one of Australia's... most recognizable broadcasters through his highly opinionated current affairs programs and catchphrases as well, including shame, shame, shame.
His campaigns to expose sex offenders repeatedly brought him into conflict with the courts. He was actually convicted three times for breaching suppression and contempt laws and and served periods in prison and home detention. Hinch later entered politics, serving as a federal senator from 2016 to 2019, and helped introduce restrictions on overseas travel by convicted child sex offenders. He was inducted into the Australian Media Hall of Fame in 2018. And finally, story number five. I mentioned the conflict in the Middle East. Iranian armed forces launched attacks on U.S. military infrastructure in Gulf states this morning following U.S. strikes on Iran's southern coastal and eastern provinces. Iranian media later reported multiple explosions across southern Iran, including close to where one of the country's nuclear plants is located.
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