Monday 9th February 2026
Daily Market Update: 10 February 2026
Australian market rally
The Australian sharemarket recorded its strongest single-session gain since April, as bargain hunting returned following recent heavy selling. The S&P/ASX 200 Index (ASX: XJO) jumped 161.30 points, or 1.9 per cent, to 8870.10, marking the biggest rise since April 8 after global tariff concerns had wiped significant value from equities. Market sentiment was supported by stronger US economic data and improved regional confidence, with IG analyst Tony Sycamore noting Australian equities remained highly sensitive to offshore developments and global risk appetite.
Technology, miners and banks lead
Technology stocks rebounded after sharp losses last week, with investors rotating back into the sector. WiseTech Global Limited (ASX: WTC) rose 3.6 per cent and TechnologyOne Limited (ASX: TNE) gained 3.5 per cent, while data centre and infrastructure plays rallied on optimism around artificial intelligence investment. NextDC Limited (ASX: NXT) climbed 4.9 per cent, Goodman Group (ASX: GMG) advanced 6.5 per cent and Megaport Limited (ASX: MP1) added 5.2 per cent. Miners were also stronger as commodity prices rebounded, lifting Newmont Corporation (ASX: NEM), Ora Banda Mining Limited (ASX: OBM), South32 Limited (ASX: S32) and BHP Group Limited (ASX: BHP), while major banks including National Australia Bank Limited (ASX: NAB) and Westpac Banking Corporation (ASX: WBC) posted solid gains.
Global markets steady
Global equity markets were firmer overnight, led by US technology stocks, as investors reassessed valuations after last week’s sell-off. The Dow Jones Industrial Average (DJI) edged higher, while the S&P 500 Index (SPX) and NASDAQ Composite Index (IXIC) posted stronger gains on renewed demand for large-cap technology and artificial intelligence-linked names. Chipmakers and infrastructure leaders such as NVIDIA Corporation (NASDAQ: NVDA), Broadcom Inc. (NASDAQ: AVGO) and Oracle Corporation (NYSE: ORCL) drove the advance, offsetting caution ahead of key US labour market and inflation data that will shape expectations for economic cooling and potential policy easing.
advance, offsetting caution ahead of key US labour market and inflation data that will shape expectations for economic cooling and potential policy easing.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 1.9 | 1.0 | 1.7 | 1.6 | 8.0 |
| Financials | 1.6 | 1.6 | 2.6 | -3.3 | 6.0 |
| Resources | 2.8 | -1.1 | 2.3 | 14.1 | 35.4 |
| Information Technology | 4.0 | -6.1 | -14.3 | -23.5 | -27.0 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.5 | -1.6 | -5.1 | -4.7 | 13.5 |
| Europe | 0.8 | -0.8 | -2.0 | 3.1 | 18.2 |
| Japan | 1.8 | 2.8 | 1.1 | 0.8 | 19.2 |
| China top 50 | 1.0 | -2.3 | -6.1 | -10.1 | 5.7 |
| India top 50 | -0.1 | 1.8 | -4.9 | -8.8 | -6.1 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | -0.1 | -0.3 | -0.6 | -1.7 | 1.8 |
| Australian Corporate Bond | -0.1 | -0.3 | -0.5 | -1.3 | 2.7 |
| US Treasury | -0.1 | 0.1 | 0.1 | 0.3 | 5.0 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 3.9 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | 2.7 | 4.0 | 5.0 | 14.3 | 52.2 |
| Silver | 11.3 | -9.4 | -8.6 | 42.0 | 107.3 |
| Crude Oil | -1.2 | 2.3 | 7.9 | 7.6 | -1.4 |
| Bitcoin | 7.1 | -13.6 | -28.1 | -37.0 | -36.9 |
