Market Moves

05/12/2023

Latest Reports

Afternoon report 02/11/2026

The Match Out: ASX slips ahead of RBA decision as Westpac bucks Big Four weakness

Aussie shares finished lower as the market braces for another RBA rate hike whilst also digesting Friday’s sharp US tech sell-off, with weakness in banks, miners and supermarkets dragging the bourse down. A solid result from Westpac sparked divergence across the banking sector, with the remainder of the Big Four closing lower, while small caps and technology stocks showed relative resilience.

Morning report 02/11/2026

Macro Monday: Here come the RBA & Mid-terms, as if it wasn’t volatile enough!

The US Tech Sector came under further pressure last week with aggressive pullbacks from the likes of Intel (-24%), Google (-13%), Palantir (-6%), Netflix (-6%), and Meta (-3%) weighing on the indices and general market sentiment. The issue last week wasn’t bond yields, but the latest earnings season exposing the growing cash-flow cost of the AI boom.