ECONOMY

Neuren Pharmaceuticals shares rose nearly 17% after stronger Daybue sales and a US$35 million milestone payment prompted the company to raise its 2026 royalty income guidance.

Greatland Resources shares jumped 14.6% as gold prices rebounded and Australian mining stocks rallied, with investors encouraged by strong quarterly cash flow and progress on Havieron.

Australian shares rallied sharply after Democrats' US midterm victories, with the ASX 200 rising 2.61% above 9,000 as NextDC, technology and resources stocks surged.

The ASX 200 fell 0.72% as investors assessed US midterm election results and the RBA's latest rate rise, with financial and healthcare stocks leading losses.

Yancoal Australia shares fell 6.4% to A$5.68 as a sharp oil-price decline pressured Australian energy stocks, with other major coal miners also recording losses.

AMP shares fell 9.36% after China Life Pension Company reported slowing profit growth, raising investor concerns despite AMP maintaining its partnership guidance and buyback programme.

Virgin Australia shares jumped nearly 9% after a sharp fall in oil prices raised hopes of lower fuel costs, while Qantas and other Asian airlines also gained.

Australian shares ended higher after the RBA raised its cash rate to 4.85%, while dovish signals about slowing growth and rising unemployment fuelled expectations that further hikes may be limited.

The Business Council of Australia says proposed budget savings measures could increase corporate tax and compliance costs, discouraging private investment while complicating efforts to lift productivity and repair the budget.

Japan's Nikkei 225 slipped as falling US technology shares and Kioxia's disappointing profit outlook hit semiconductor stocks, while investors watched oil prices, the yen and AI spending concerns.

Perenti shares rose nearly 3% on Monday despite a weaker Australian market, as investors assessed the mining contractor's portfolio transition, new leadership and outlook.

Australia's ASX 200 edged lower ahead of the RBA's expected rate increase, as elevated inflation, global market weakness and strong bank results shaped investor sentiment.

Indian equities rose after the US Federal Reserve held interest rates steady, with Adani Ports and consumer stocks leading gains despite pressure from oil prices, foreign outflows and a weaker rupee.

Australian shares rose as Microsoft's strong Azure results eased concerns about AI spending, while investors assessed possible US and Australian interest rate increases and company news.

Australian shares ended slightly lower after stronger-than-expected inflation lifted expectations of an RBA rate hike, while rising housing and fuel costs added pressure to households.

PYC Therapeutics shares rose 9.4% after a recent decline, with investors assessing early PYC-003 data and awaiting further results from the biotech's kidney disease trial.

Australian shares rose for a second session, supported by mining stocks and renewed AI optimism on Wall Street, while investors awaited inflation data that could influence the RBA's next rate decision.

PDI Gold shares rose 7.2% despite weaker gold prices, recovering from recent losses as investors assessed Kiniero production, the Bankan project and regional political risks.

The S&P/ASX 200 recovered from early losses as energy and mining stocks gained, while banks and retailers weakened amid rising oil prices and growing bets on an RBA rate hike.

RBA Deputy Governor Andrew Hauser says Australia's prolonged productivity weakness reflects both regulatory burdens and insufficient business investment in technology, capital and innovation.

Global oil prices have surged after increased attacks on shipping in the Strait of Hormuz, threatening to reverse recent petrol-price declines and intensify Australia's inflation pressures.

The ASX 200 fell 0.15% as losses in mining, energy and technology stocks outweighed gains in banks and consumer shares, while Zip plunged after disclosing a US fraud event.

The S&P/ASX 200 fell 0.43% as mining and energy stocks declined, while Nick Scali plunged after forecasting weaker profit amid softer consumer demand.

The ASX 200 edged lower after NextDC shares plunged more than 40% over a data-centre power delay, offsetting gains in James Hardie and a positive Wall Street lead.

RBA Deputy Governor Andrew Hauser says Australia's inflation outlook has deteriorated since August, raising market speculation that the central bank could consider a rate increase in November.

The ASX 200 rose 0.42% as banks, utilities and other defensive stocks outweighed technology losses, while Challenger rallied on Dai-ichi Life's takeover proposal.

The OECD says higher energy prices are fuelling renewed cost-of-living pressures, weakening purchasing power and threatening global growth despite resilient employment and low unemployment.

Sunrise Energy Metals shares rose 12.4% on Friday after falling 10.4% the previous session, while investors assessed the company's US redomicile proposal and uncertainty over project financing.

Bendigo and Adelaide Bank shares climbed nearly 4% after softer Australian employment data reduced expectations of further interest rate rises and lifted sentiment towards regional lenders.