News 10 May 2026 - 11 May 2026

Oil Shock Returns as Trump Rejects Iran Peace Offer and Stocks Stall Near Records
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Oil Shock Returns as Trump Rejects Iran Peace Offer and Stocks Stall Near Records

European shares were flat and Brent crude climbed above $105 after President Trump rejected Iran’s response to a U.S. peace proposal, dimming hopes for a swift reopening of the Strait of Hormuz. The waterway remains mostly closed, fueling inflation concerns as oil supply stays tight. The FTSE 100 edged higher, while France’s CAC 40 slipped 0.7%. Trump called Iran’s reply “TOTALLY UNACCEPTABLE!” after mediation via Pakistan.
May 11, 2026
PS Plus May 2026 Could Get Its Big Star Wars Moment — But Sony Has Only Confirmed Time Crisis
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PS Plus May 2026 Could Get Its Big Star Wars Moment — But Sony Has Only Confirmed Time Crisis

Star Wars Outlaws leads fan predictions for Sony’s PlayStation Plus Extra and Premium May lineup, with community threads pointing to a May 13 reveal. Time Crisis is confirmed for PS Plus Premium Classics on May 19. April’s Essential games left the service May 5, while several catalog titles are set to depart in May. Microsoft added Star Wars Outlaws to Game Pass Ultimate in January.
May 11, 2026
Openreach Adds 238 UK Areas to Copper Switch-Off List as Landline Deadline Nears
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Openreach Adds 238 UK Areas to Copper Switch-Off List as Landline Deadline Nears

Openreach has added 238 UK telephone exchanges to its full-fibre “stop sell” programme, bringing the total to 2,116, according to a May 8 update. The new tranche affects about 1.69 million premises, with order restrictions for older copper-based products set to begin June 3, 2027. The move comes ahead of the planned retirement of the UK’s analogue phone network by January 2027.
May 11, 2026
Oil Tankers Go Dark Near Hormuz as Iran Risk Keeps Crude Above $100
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Oil Tankers Go Dark Near Hormuz as Iran Risk Keeps Crude Above $100

Three crude oil tankers carrying 6 million barrels left the Strait of Hormuz with tracking systems off, shipping data showed, as Iranian threats persist. The Agios Fanourios I, loaded with Iraqi crude, crossed on Iran’s designated route and is bound for Vietnam. Brent crude rose nearly 4% to $105.33 a barrel after President Trump rejected Iran’s peace response. LNG carriers have also crossed the strait with trackers off, but traffic remains limited.
May 11, 2026
Sensex Crash Today: Why Nifty Slid Below 23,950 as Oil Shock and Modi’s Fuel Appeal Hit Dalal Street
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Sensex Crash Today: Why Nifty Slid Below 23,950 as Oil Shock and Modi’s Fuel Appeal Hit Dalal Street

Indian shares tumbled Monday, with the Sensex down over 900 points and the Nifty 50 falling below 23,950 after crude oil prices surged past $105 a barrel. The rupee weakened past 95 to the dollar, while jewellery and travel stocks slumped following Prime Minister Modi’s call to cut fuel and gold purchases. All sectoral indices traded lower, and market volatility jumped 10%.
May 11, 2026
UK & AU Stock Market Today: Live Updates 11.05.2026
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UK & AU Stock Market Today: Live Updates 11.05.2026

LIVEMarkets rolling coverageStarted: May 11, 2026, 12:00 AM EDTUpdated: May 11, 2026, 11:51 PM EDT Can Westpac Banking Corp (WBC) Shares Outperform ASX 200 in 2026? May 11, 2026, 11:51 PM EDT. This analysis explores the potential for Westpac Banking Corp (ASX: WBC) shares to outperform the S&P/ASX 200 index (XJO) by 2026. The article breaks down key valuation methods including the price-to-earnings (PE) ratio, which compares share price to earnings per share. WBC's PE ratio currently stands at 19.2x versus the banking sector average of 18x. Using sector-adjusted PE valuation, WBC's share is valued around $35.13. Additionally, the piece
May 11, 2026
Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story
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Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story

Coles Group shares closed at A$21.63 on May 8, down 0.8%, as investors assess if rising fuel and supplier costs will erode margins despite a 4% jump in third-quarter supermarket sales to A$9.8 billion. Supermarket price inflation eased to 0.8%, but Coles faces more supplier cost requests and higher freight expenses. Woolworths reported stronger sales growth but warned of slower earnings.
May 11, 2026
Cochlear Limited Shares Face A$100 Test After Shock Profit Cut: What Investors Watch Now
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Cochlear Limited Shares Face A$100 Test After Shock Profit Cut: What Investors Watch Now

Cochlear shares are set to reopen near A$100 after plunging 40.7% on April 22 following a sharp profit downgrade. The company cut its FY26 underlying net profit forecast to A$290 million–A$330 million, far below February guidance. Analysts flagged structural headwinds and questioned forecast reliability. The stock closed May 8 at A$99.89, down 61.7% for the year.
May 11, 2026
South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play
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South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play

South32 aims to secure a new electricity deal for its Hillside Aluminium smelter by 2029, ahead of its discounted Eskom contract expiring in 2031. Talks with Eskom include renewable power options with backup supply. The smelter supports thousands of jobs and consumes power continuously. South32’s Mozal plant in Mozambique shut in March after failing to secure affordable electricity.
May 10, 2026
Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan
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Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan

Santos shares closed at A$7.52, down 1.44%, as investors assess the impact of Australia’s new gas reservation policy requiring exporters to supply 20% of exports to the domestic market from July 2027. The rule could pressure Santos’s GLNG venture, which currently does not supply domestic gas. Analysts warn the policy may slow LNG supply growth. Santos expects Barossa and Pikka projects to boost output by up to 30% by 2027.
May 10, 2026
Longi’s First Finland Battery Goes Live as Nordic Storage Race Heats Up
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Longi’s First Finland Battery Goes Live as Nordic Storage Race Heats Up

Longi Green Energy Technology has launched its first Finnish battery energy storage system, a 2 MW/4 MWh unit at the Söderby Solpark solar site in the Åland Islands. The system, designed for sub-zero conditions, integrates with a 4 MW solar plant and can restart local power after outages. Grid operator Fingrid reports 1,050 MW of storage now connected nationwide. Finland is tightening rules for battery grid integration as storage demand rises.
May 10, 2026
Lynas Rare Earths Stock Is Back in Focus Before Trump-Xi Summit
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Lynas Rare Earths Stock Is Back in Focus Before Trump-Xi Summit

Lynas Rare Earths shares last closed at A$19.44, down 2.46%, after a strong 2026 run. The U.S.-China rare-earths deal remains in effect ahead of May 14-15 talks in Beijing, keeping attention on non-Chinese suppliers like Lynas. The company reported A$265 million in March-quarter sales, more than double a year earlier. Lynas recently signed a U.S. supply deal backed by $96 million from the Pentagon.
May 10, 2026
QBE Insurance Shares Slid After 11% Premium Growth — The Pricing Signal Explains Why
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QBE Insurance Shares Slid After 11% Premium Growth — The Pricing Signal Explains Why

QBE Insurance Group kept its 2026 outlook after first-quarter gross written premium rose 11% to US$9.2 billion. Shares fell 1.55% Friday despite reaffirmed guidance and higher premiums. Net catastrophe claims reached about US$300 million for the year to April. Investment income totaled US$500 million in the four months, with funds under management at US$36.1 billion.
May 10, 2026
WiseTech Global Stock Back on Watchlists as AI Job Cuts Test CargoWise Growth
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WiseTech Global Stock Back on Watchlists as AI Job Cuts Test CargoWise Growth

WiseTech Global shares closed at A$42.27 on May 8, down 4.6% and far below their 52-week high, as investors react to an AI-driven restructure and uncertainty over 2,000 planned job cuts. Trading has been volatile, with shares rising 5.2% on May 5 before three sessions of losses. The company reported first-half fiscal 2026 revenue up 76% and EBITDA up 31%, citing the e2open acquisition and AI rollout.
May 10, 2026
Mineral Resources Stock Faces a New Debt-Repair Test After COO Move and POSCO Lithium Push
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Mineral Resources Stock Faces a New Debt-Repair Test After COO Move and POSCO Lithium Push

Mineral Resources has named Darren Killeen as chief operating officer, a new role reporting to Managing Director Chris Ellison. Shares closed Friday at A$69.55, down 2.5%. The company’s lithium joint venture with POSCO has reached formal agreements, with completion now expected in the first half of FY2027. Net debt dropped to about A$4.5 billion at March 31.
May 10, 2026
Fortescue’s $1 Billion Court Test Arrives as Rio Tinto Locks In Pilbara Solar Deal
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Fortescue’s $1 Billion Court Test Arrives as Rio Tinto Locks In Pilbara Solar Deal

The Federal Court will rule Tuesday on compensation for the Yindjibarndi people over Fortescue’s Solomon Hub mine in Western Australia, with claims exceeding A$1 billion. Fortescue argues compensation should be capped at about A$8.1 million. The dispute follows a 2017 judgment affirming Yindjibarndi native title rights. Rio Tinto recently signed a solar energy deal with the Yindjibarndi ahead of the ruling.
May 10, 2026
Goodman Group Just Bought a Newark Brewery. The Real Prize Is Land, Power and Logistics
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Goodman Group Just Bought a Newark Brewery. The Real Prize Is Land, Power and Logistics

Goodman Group has acquired Anheuser-Busch’s former Newark brewery for about $360 million, securing 86 acres near Newark Liberty International Airport. Public filings show $317.4 million of the price attributed to land, $43.6 million to buildings. Anheuser-Busch shifted production and offered 475 affected workers roles elsewhere. Goodman plans to redevelop the site for logistics and data centers.
May 10, 2026
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Stock Market Today

  • Managing Smallcap Risk in Australian Portfolios: Key Considerations
    May 25, 2026, 11:15 PM EDT. This article outlines strategies for managing risk in smallcap investments within Australian portfolios. Smallcaps refer to companies with smaller market capitalisations, often carrying higher volatility and risk. The content aims to educate investors on portfolio construction without offering specific investment advice. Readers are reminded to conduct personal research and consult financial professionals before making decisions. The article emphasizes the importance of understanding market dynamics and risk exposure when including smallcap stocks in investment portfolios. Kalkine Media provides this information for educational purposes and disclaims liability for investment outcomes.