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Today’s news

Market news today

Written by AI from published reporting, with every point linked to its source. Australian edition, updated every few minutes.

Latest

  • Photo: The Australian Financial Review

    ASX edges higher as miners rebound after early losses

    The S&P/ASX 200 finished up 0.1 per cent on Monday, with BHP and Rio Tinto among the miners recovering after last week’s sell-off tied to concerns about AI investment.

    Updated From The Australian Financial Review, The Age and 3 more

  • Asian shares rebound after last week’s technology sell-off

    Photo: Al Jazeera

    Markets in Japan, South Korea, Taiwan and Hong Kong rose on Monday after losses linked to concerns about US data-centre investment. US stock futures also edged higher.

    From Al Jazeera and The West Australian

  • RBA official says AI gains will do little to curb inflation

    Photo: The Sydney Morning Herald

    A senior Reserve Bank official says productivity improvements from artificial intelligence are unlikely to make much difference to inflation, despite broader hopes for the technology.

    From The Sydney Morning Herald and Business News

  • European stocks rotate after US midterm defeat

    A Democratic win brought a sharp shift in European markets, with bank shares rising and chipmakers falling amid concerns about demand from data centres.

    From investingLive and Euronews

Earlier this week

  • RBA raises cash rate to 4.85 per cent as inflation outlook worsens

    Photo: RNZ

    The Reserve Bank of Australia lifted its rate by 25 basis points on Tuesday, its fifth increase this year. It expects inflation to stay elevated through much of 2027 and reach its target range only late that year.

    Updated From RNZ, Reserve Bank of Australia and 2 more

  • ASX falls as midterm results unsettle AI outlook

    Photo: The Australian Financial Review

    The benchmark S&P/ASX 200 Index ended lower after US midterm results unsettled investors over the outlook for AI investment. Block rose after beating quarterly profit expectations, while City Chic advanced on its trading update.

    Updated From The Australian Financial Review, The Sydney Morning Herald and 2 more

  • Bank of England raises interest rate to 4%

    Photo: The Standard

    The rise, the first in more than three years, takes the Bank rate from 3.75% to 4%. The Bank warned that further increases may follow if the conflict in the Middle East continues.

    From City AM, The Standard and 4 more

  • New Zealand unemployment rate rises to 5.7%

    Photo: The Spinoff

    New Zealand’s unemployment rate reached its highest level in 11 years in the September quarter, with 174,000 people out of work. Long-term unemployment also rose, while underutilisation stayed high.

    From RNZ, 1News and 3 more

  • US stocks rally after Democrats win control of Congress

    Photo: CBS News

    US shares surged as investors assessed Democrats’ victories in both chambers and the prospect of more limits on President Donald Trump’s policies. Oil prices and bond yields also fell.

    From PBS NewsHour, Al Jazeera and 5 more

  • BPM Minerals named ASX runner of the week after gold hits

    Photo: The Age

    Results from its Bonnie & Clyde prospect in WA’s Eastern Goldfields put BPM Minerals in the weekly spotlight, with high-grade gold reported in both opening holes.

    From The Age, The Sydney Morning Herald and 1 more

  • Oil set for sharp weekly fall as traders weigh Iran risks

    Photo: CNBC

    Brent fell below US$100 a barrel on Friday after trading above US$110 earlier in the week. Investors are weighing the risk of renewed US-Iran conflict against signs of possible diplomacy.

    From CNBC and The Wall Street Journal

  • ASX gains 2.6% as oil slides and Wall Street rallies

    Photo: The Australian Financial Review

    The S&P/ASX 200 closed at a two-month high after US election results lifted global shares. Oil fell more than 8% after comments from Donald Trump and JD Vance.

    Updated From The Australian Financial Review, The Age and 1 more

  • Pound reaches highest level against currencies since Brexit vote

    Photo: The Standard

    Sterling reached its strongest level against a basket of 18 currencies since the UK’s 2016 EU referendum, according to Bank data. It eased after an interest-rate rise on Thursday.

    From The Standard and The Guardian

  • Australian household spending rises 0.6% in September

    Higher transport and health costs helped lift the monthly measure, while spending volumes grew 0.7% in the September quarter, extending a run of quarterly growth.

    From Australian Bureau of Statistics and The West Australian

  • Euro zone inflation reaches 4% in October

    Photo: CNBC

    A flash estimate put inflation at its highest in three years, driven largely by energy costs. The data could reinforce expectations of a European Central Bank rate rise in December.

    From CNBC and RTÉ News

  • NZX 50 ends lower after global tech sell-off

    Photo: RNZ

    The index fell 0.66% but finished the week up 1.48%, after a sharp opening drop as investors sold off technology stocks in the US.

    From RNZ and New Zealand Herald

  • Canada keeps 2% inflation target in renewed framework

    Photo: Bank of Canada

    The Bank of Canada and federal government have renewed their monetary policy agreement for five years, retaining the 1% to 3% control range and flexibility to respond to shocks.

    From Bank of Canada and CityNews

  • Democrats’ US midterm win puts mining agenda under scrutiny

    Democrats have regained control of both chambers of Congress, raising questions about President Donald Trump’s mining and energy policies and the future of a mining permitting bill.

    From The Northern Miner and Investing News Network

  • US crude settles at US$96.09 as Iran diplomacy lifts hopes

    Photo: CNBC

    West Texas Intermediate closed lower for a second session on Tuesday, after dipping below US$95 earlier. Brent also settled lower as traders watched for progress towards a US-Iran agreement.

    From CNBC and The Wall Street Journal

  • Canada’s merchandise trade surplus widens in September

    Photo: The Globe and Mail

    Exports rose slightly and imports fell, taking the surplus to C$5.4 billion. Higher crude oil and gold shipments helped, while vehicle imports dropped for a second month.

    From The Globe and Mail and Statistics Canada

  • Dairy prices rise 3% at Global Dairy Trade auction

    Photo: RNZ

    The average price reached US$4166 a tonne, with whole milk powder up 5.9%. RNZ says New Zealand’s auction offerings start to taper in November.

    From RNZ and New Zealand Herald

  • AI borrowing could add to Europe’s rising debt costs

    Photo: DW

    US technology companies are competing with European governments and firms for bond investors. Analysts warn the extra borrowing could put further pressure on financing costs, though it is not the only factor.

    From DW and MarketWatch