Thursday 12th February 2026
Daily Market Update: 13 February 2026
Australian market rally led by banks
The S&P/ASX 200 Index (ASX: XJO) rose 0.3 per cent to 9043.5, marking a second straight day of gains and briefly surpassing its record October close. Financial stocks underpinned the advance, with Australia and New Zealand Banking Group Limited (ASX: ANZ) surging 8.5 per cent to a record $40.35 after posting a $1.94 billion first-quarter cash profit, up 6 per cent and well ahead of expectations. Commonwealth Bank of Australia (ASX: CBA) climbed 5.4 per cent to $178.74, while Westpac Banking Corporation (ASX: WBC) gained 1.8 per cent to $41 and National Australia Bank Limited (ASX: NAB) added 2.3 per cent to $46.54. In contrast, AMP Limited (ASX: AMP) tumbled 26.7 per cent to $1.28 after disappointing investors with no capital return announcement.
Technology and earnings disappointments weigh
Gains were capped by weakness in technology and healthcare stocks, with only four of 11 sectors finishing higher. WiseTech Global Limited (ASX: WTC) fell 6.6 per cent to $47.57, Xero Limited (ASX: XRO) dropped 8.4 per cent to $76.92 and TechnologyOne Limited (ASX: TNE) declined 6.9 per cent to $21.70 amid renewed concerns over artificial intelligence disruption. CSL Limited (ASX: CSL) slid 6.9 per cent to $152.19 following earnings downgrades, extending losses this week to nearly 20 per cent. Earnings misses also drove sharp declines in Temple & Webster Group Ltd (ASX: TPW), down 32.6 per cent, and Pro Medicus Limited (ASX: PME), off 23.9 per cent. ASX Limited (ASX: ASX) edged 1.7 per cent lower despite higher profit as expenses jumped 20 per cent, while Origin Energy Limited (ASX: ORG) rose 3.9 per cent after upgrading guidance and Northern Star Resources Ltd (ASX: NST) gained 4 per cent on strong profit growth.
Global markets retreat on tech pressure
In the United States, the S&P 500 Index (INDEXSP: .INX) fell 1.5 per cent, the Dow Jones Industrial Average (INDEXDJX: .DJI) lost 1.3 per cent and the Nasdaq 100 Index (INDEXNASDAQ: NDX) dropped 2 per cent as technology stocks extended declines. Apple Inc. (NASDAQ: AAPL) slid 5 per cent, while Amazon.com, Inc. (NASDAQ: AMZN), Meta Platforms, Inc. (NASDAQ: META), Broadcom Inc. (NASDAQ: AVGO) and Palantir Technologies Inc. (NYSE: PLTR) fell between 2.3 per cent and 4.8 per cent. Cisco Systems, Inc. (NASDAQ: CSCO) plunged 12.3 per cent on weak guidance, while defensive names such as Walmart Inc. (NYSE: WMT) and McDonald’s Corporation (NYSE: MCD) advanced. Stronger-than-expected jobs data reduced expectations for near-term Federal Reserve rate cuts ahead of the upcoming inflation report.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.3 | 1.4 | 2.9 | 5.1 | 9.0 |
| Financials | 2.3 | 2.4 | 5.8 | 2.3 | 8.4 |
| Resources | 0.5 | 2.7 | 7.9 | 16.1 | 40.8 |
| Information Technology | -6.4 | -7.0 | -18.7 | -26.5 | -31.7 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | -1.5 | -0.1 | -5.9 | -5.5 | 1.6 |
| Europe | 0.4 | 0.0 | -2.4 | 1.2 | 14.9 |
| Japan | 0.1 | 5.7 | 6.9 | 9.1 | 24.6 |
| China top 50 | -1.6 | -0.6 | -6.4 | -3.5 | 6.3 |
| India top 50 | -0.7 | -1.4 | -5.4 | -9.7 | -6.0 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | -0.1 | 0.5 | -0.1 | 0.5 | 2.6 |
| Australian Corporate Bond | -0.1 | 0.5 | 0.1 | 0.7 | 3.5 |
| US Treasury | -0.3 | 0.5 | 0.4 | 0.5 | 5.7 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 3.9 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | 0.6 | 2.4 | 4.0 | 12.8 | 53.7 |
| Silver | 1.9 | 7.0 | -3.2 | 53.5 | 135.2 |
| Crude Oil | 0.7 | 2.1 | 9.1 | 11.7 | 1.7 |
| Bitcoin | -1.1 | -3.0 | -31.0 | -39.9 | -38.6 |
