Wednesday 26th November 2025
Daily Market Update: 26 November 2025
Australian market edges higher on gold surge
The Australian sharemarket posted a modest gain on Tuesday, with the S&P/ASX 200 Index (ASX: XJO) rising by 0.1 per cent to close at 8537 points. The materials sector led the market higher, fuelled by a rally in gold prices, which hit near $US4130 per ounce on expectations of a US Federal Reserve rate cut. Gold miners including Northern Star Resources Limited (ASX: NST), Newmont Corporation (ASX: NEM) and Evolution Mining Limited (ASX: EVN) rose between 2 and 4.3 per cent. Iron ore producers Fortescue Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO) also advanced. Meanwhile, tech stocks gained, with Life360 Inc. (ASX: 360) climbing 6.6 per cent. The financial sector weighed on the index, as Commonwealth Bank of Australia (ASX: CBA) fell 1.2 per cent and other major banks posted smaller declines ahead of inflation data. In company news, Ramsay Health Care Limited (ASX: RHC) surged 12.7 per cent on strong quarterly earnings, while DroneShield Limited (ASX: DRO) jumped 14.6 per cent on a European defence contract.
US retail data softens in October
Globally, US retail sales rose 0.2 per cent in October, marking the smallest monthly increase in four months and falling short of expectations. The most notable gains were seen in miscellaneous stores and gasoline stations, while declines occurred in sporting goods, clothing, and electronics. Core retail sales, a key GDP input, fell 0.1 per cent, reversing some of the strength observed in August. The softer data supports the view that US consumer demand is cooling, potentially reinforcing expectations for a Federal Reserve rate cut in the coming months.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.1 | 0.8 | -5.0 | -3.8 | 5.4 |
| Financials | -1.0 | 0.2 | -5.6 | -4.9 | 6.0 |
| Resources | 1.0 | -0.4 | -1.7 | 6.3 | 21.4 |
| Information Technology | 0.5 | 2.8 | -12.6 | -15.9 | -6.5 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.9 | 1.7 | -0.6 | 5.0 | 12.7 |
| Europe | -0.5 | 0.2 | -2.2 | 1.1 | 25.0 |
| Japan | -0.7 | 0.7 | -1.1 | 2.9 | 21.3 |
| China top 50 | 2.0 | -0.4 | -2.9 | -0.2 | 36.0 |
| India top 50 | -0.7 | -0.1 | 0.0 | 1.7 | 0.4 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.1 | 0.1 | -1.3 | -0.1 | 4.5 |
| Australian Corporate Bond | 0.1 | 0.1 | -1.1 | 0.1 | 5.3 |
| US Treasury | 0.1 | 0.6 | -0.1 | 2.1 | 4.7 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 4.1 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | 2.5 | 1.0 | 0.1 | 23.1 | 55.3 |
| Silver | 3.5 | -0.1 | 4.9 | 32.4 | 63.3 |
| Crude Oil | 0.8 | -3.0 | -4.0 | -7.4 | -2.7 |
| Bitcoin | 1.3 | -5.8 | -20.5 | -22.0 | -6.5 |
