The Weekend Q&A: Inflation & rates have again started to weigh on stocks

The ASX200 bounced into the close on Friday but it wasn’t enough to prevent an 88-point decline over the week, the selling was broad-based across the 5 days with some strength in the gold and defensive stocks unable to halt the -1.2% dip. The local index was trading around 7320 just before the RBA’s 0.25% rate hike last week after which we expressed the view that it would take 1-2 weeks for stocks to put the move into the rear-view mirror, perhaps the buyers will return next week with Christmas only a fortnight away.

Winners: Fortescue Metals (FMG) +8.7%, Sandfire Resources (SFR) +8%, Silver Lake Resources (SLR) +7.3%, and BHP Group (BHP) +3.8%.

Losers: Corporate Travel (CTD) -8.8%, Megaport (MP1) -7.3%, IGO Ltd (IGO) -6.7%, Macquarie Group (MQG) -6.8%, James Hardie (JHX) -6% Woodside Energy (WDS) -4.3%, and ANZ Bank (ANZ) -4.1%.

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Afternoon report 10/10/2025 17:47

What Mattered Today: ASX trickles lower with profit taking across the Golds

The ASX closed lower for the week, with today’s session capped by a risk-off tone as peace headlines out of Gaza knocked the shine off oil and gold, while iron ore heavyweights fell on renewed pricing tensions with China.

Morning report 10/10/2025 09:16

ETF Friday: Looking at 3 ETFs for sector reversion into 2026

The ASX 200 rose +0.3% on Thursday, though the real action played out beneath the market's surface, with the materials sector leading the charge, up +1.8% despite a rare pullback in gold stocks.

Afternoon report 09/10/2025 17:20

The Match Out: Copper & Rare Earth stocks push ASX within striking distance of all-time high

The ASX snapped a three-day losing streak today as heavyweight miners powered the market higher, pushing the index back within reach of record levels. A 14-month high in copper prices sparked strong gains across the materials sector, offsetting weakness in banks and tech.

Morning report 09/10/2025 09:22

What Matters Today: Will the RBNZ reinvigorate the “yield” trade?

The ASX200 slipped 0.1% on a quiet Wednesday, which saw some initial morning weakness before buyers returned, taking the index back towards unchanged. Outside of Wesfarmers (WES) -7.5 points and James Hardie (JHX) +5.7 points, none of the main board added or retracted more than 2 points from the index.

Afternoon report 08/10/2025 17:25

The Match Out: ASX eases as retailers and tech stocks drag; gold pauses after record high

The ASX eased modestly during the session as losses across retail and technology stocks outweighed strength in healthcare. Investors also took profits from gold miners after the precious metal briefly broke through the US$4000/oz barrier for the first time.

Morning report 08/10/2025 17:16

Portfolio Positioning: The US Government remains shut, but markets are calm

The ASX200 peeled away 0.3% on Tuesday, the first “real” day of trading this week, although losses weren’t overly broad-based, with 40% of the main board closing higher. While the retailers led the decline, it was noticeable to see some profit-taking wash through many pockets of the market as the US government lockdown drags on, even some gold names closed lower, despite the precious metal posting fresh highs.

Afternoon report 07/10/2025 16:37

The Match Out: ASX trickles lower in quiet session

A softer session for local equities, with volumes still light on the ground despite positive offshore leads, with gold’s relentless rise still clearly in focus with several brokers upgrading their forecasts. We think some consolidation is overdue for local stocks - a healthy reset as we move through October remains our expectation for now.

Morning report 07/10/2025 09:58

Macro Monday on Tuesday: Volatility is slowly rising as we head into October

As we head into October, volatility has started to brew beneath the surface. In the US, volatility on the stock level is testing multi-year highs, and locally, it wasn’t that long ago that we saw the most volatile reporting season in recent memory. And in the last 24-hours, with the infamous October less than one week old, we’ve started to see big moves across stock and commodity markets.

Weekend report 04/10/2025 08:45

Weekend Q&A: The ASX is on track for new all-time highs this week

The ASX200 ended last week up +2.3%, with the first three days of October already recouping all of September's decline. The healthcare sector made a welcome return to the winners' enclosure, ably supported by the influential miners and banks, while the energy sector was the only meaningful drag on the index. Only a flat week by the heavyweight iron ore miners reined in performance, although their sector peers worked hard to address their slumber, with 18 members of the materials sector closing out the week up more than +5%.

Afternoon report 03/10/2025 17:49

The Match Out: ASX finishes the week strong, APE jumps on CanadaOne acquisition

The ASX finished the week strongly, rising steadily through the session with strength in healthcare, tech and consumer names more than offsetting softer trade in energy and utilities.