ASX Rises as Profit Downgrades Mount in Final Reporting Week

The ASX 200 is set to open 0.5% higher after Wall Street gained overnight, with the Australian dollar and bitcoin both strengthening. Investors are bracing for a critical week as the annual reporting season enters its final stretch.

Reporting Season Pain

• Profit downgrades are accelerating, with analysts cutting earnings forecasts for the 2026-27 financial year by 2% — roughly double the typical pace at this stage
• The market is now **downgrading three...