The ASX finished lower as investors moved to the sidelines ahead of tomorrow’s RBA policy decision, with sentiment soft despite a modestly positive lead from Wall Street and little in the way of corporate news flow to drive individual names. Lithium names were a bright spot following last week’s sector upgrade however this was offset by gold stocks which retreated as bullion eased over the weekend.
A mildly positive session for the ASX today, and enough to secure a second straight weekly gain as investors continue to recalibrate expectations for interest rates. The RBA steps up to the plate on Tuesday, no change expected, though commentary is important, while the US Federal Reserve is tipped to cut rates on Thursday.
The ASX edged higher on Thursday, with record-breaking copper prices doing the heavy lifting as interest-rate-sensitive sectors sagged under rising bond yields. Bond markets have now priced out any chance of an RBA rate cut this cycle, and traders are assigning a 15% probability of a rate hike as early as February. Strong household spending data for October, the biggest jump in two years added weight to the RBA’s concern that inflation remains too sticky.
A good day to have the Market Matters Christmas lunch, with a very quiet session playing out across the board. The ASX inched higher by the close as softer-than-expected GDP data briefly rekindled hopes the RBA might not need to tighten rates in 2026.
The ASX steadied, clawing back a portion of yesterday’s disrupted session as strength in energy and the big miners helped offset weak sentiment in certain pockets.
The ASX closed the week on a steady footing, showing resilience despite a lack of direction from offshore markets, with the US closed last night for Thanksgiving, and only a shortened Black Friday session tonight. With no meaningful lead from Wall Street and limited local corporate news flow, the local market leaned on strength in tech, defensives and gold, helping offset weakness across financials and insurers.
The ASX couldn’t hold early gains, with weakness in the oil names overpowering a solid tech-led rally. By the close, the ASX 200 was up just +10pts, despite nine sectors trading higher.
A hotter-than-expected inflation print has poured some cold water on what was shaping up as a very strong rebound for the ASX today. The market opened firmly, riding a strong lead from Wall Street and growing conviction around a December cut from the US Fed — but local data somewhat changed the tone.
The ASX ended the session broadly unchanged, with gains in miners, gold stocks and select tech names offset by heavy selling across the major banks. There was limited activity at the index level ahead of tomorrow’s first full monthly CPI release, expected to show a lift in inflation. Tech names benefited from renewed optimism around potential US rate cuts, though the weight of financials capped any meaningful momentum into the close.
A mildly positive session for the ASX today, and enough to secure a second straight weekly gain as investors continue to recalibrate expectations for interest rates. The RBA steps up to the plate on Tuesday, no change expected, though commentary is important, while the US Federal Reserve is tipped to cut rates on Thursday.
The ASX edged higher on Thursday, with record-breaking copper prices doing the heavy lifting as interest-rate-sensitive sectors sagged under rising bond yields. Bond markets have now priced out any chance of an RBA rate cut this cycle, and traders are assigning a 15% probability of a rate hike as early as February. Strong household spending data for October, the biggest jump in two years added weight to the RBA’s concern that inflation remains too sticky.
A good day to have the Market Matters Christmas lunch, with a very quiet session playing out across the board. The ASX inched higher by the close as softer-than-expected GDP data briefly rekindled hopes the RBA might not need to tighten rates in 2026.
The ASX steadied, clawing back a portion of yesterday’s disrupted session as strength in energy and the big miners helped offset weak sentiment in certain pockets.
The ASX closed the week on a steady footing, showing resilience despite a lack of direction from offshore markets, with the US closed last night for Thanksgiving, and only a shortened Black Friday session tonight. With no meaningful lead from Wall Street and limited local corporate news flow, the local market leaned on strength in tech, defensives and gold, helping offset weakness across financials and insurers.
The ASX couldn’t hold early gains, with weakness in the oil names overpowering a solid tech-led rally. By the close, the ASX 200 was up just +10pts, despite nine sectors trading higher.
A hotter-than-expected inflation print has poured some cold water on what was shaping up as a very strong rebound for the ASX today. The market opened firmly, riding a strong lead from Wall Street and growing conviction around a December cut from the US Fed — but local data somewhat changed the tone.
The ASX ended the session broadly unchanged, with gains in miners, gold stocks and select tech names offset by heavy selling across the major banks. There was limited activity at the index level ahead of tomorrow’s first full monthly CPI release, expected to show a lift in inflation. Tech names benefited from renewed optimism around potential US rate cuts, though the weight of financials capped any meaningful momentum into the close.
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