Daily-Wrap

The broader market was supported by gains in mining stocks as copper prices surged, though this was partly offset by pressure on the real estate sector after stronger-than-expected monthly household spending data increased the likelihood of an interest rate hike in early 2026.

Macro Update:Australia’s gross domestic product (GDP) rose 0.4 per cent in the September quarter 2025 and 2.1 per cent over the year, based on seasonally adjusted chain volume data from the Australian Bureau of Statistics (ABS). Economic growth remained steady through the quarter, aligning …

Macro Update:Gold prices climbed to a six-week high on Monday, lifted by expectations of potential U.S. interest rate reductions and a weaker dollar, while silver reached a fresh record ahead of key economic data releases. Spot gold rose 0.3% toUSD 4,241.27 per ounceat 1:44 …

Macro Update:China spent years financing and developing Indonesia’s nickel sector, helping turn the country into the world’s largest producer. Now, Chinese electric vehicle makers are shifting away from nickel-based battery chemistries, prompting Beijing to reconsider how much of the metal it needs—and challenging Indonesia’s …

Macro Update:Expectations of further U.S. monetary easing next month pushed the dollar toward its poorest weekly performance since July. On Friday, the currency market faced even greater illiquidity, already thinned by the Thanksgiving holiday, after a CME Group outage suspended trading in several currency …

Macro Update:Gold climbed to a one-week high yesterday, as expectations of a potential U.S. Federal Reserve rate cut boosted sentiment.

Macro Update:The bond traders have largely abandoned expectations for another interest rate cut from the Reserve Bank of Australia following the release of inflation data for October. According to the Australian Bureau of Statistics (ABS), the Consumer Price Index (CPI) increased by 3.8% over …