ASX 200 Rises 0.4% to 8,843 as Banks and Defensive Stocks Lift Market While Challenger Jumps on Takeover Bid
SYDNEY — Australian shares rose for a second straight session on Monday, shrugging off a weak lead from Wall Street as banks and defensive stocks offset another sell-off in technology shares, while annuities provider Challenger surged on a takeover proposal.
The S&P/ASX 200 index was up 37 points, or 0.42%, at 8,843.7 during the closing auction,
Read MoreDeposit rate cut comes when inflation already eats up savings
Highlights:
- September’s 8.34% inflation erodes savers’ real purchasing power.
- Retirees face financial pressure as interest income declines.
- Strong deposit growth and weak credit demand drive rate cuts.
- Private-sector credit growth remains below 5% for over six months.
» Read more about: Deposit rate cut comes when inflation already eats up savings »
Read MoreNo ‘Black Monday’? Nasdaq, S&P 500, Dow Futures Spike As Big Tech Earnings Loom This Week — Retail Stays Cautious
U.S. stock futures rebound after the Nasdaq’s worst week since early June, as investors look ahead to earnings from Netflix, Tesla and Meta.
- Nasdaq futures rise more than 1%, while S&P 500 futures gain 0.6%.
- Netflix, SpaceX, Tesla and Meta report Q3 results this week.
- Retail sentiment is mixed ahead of the 39th anniversary of the 1987 stock market crash.
[Economy] Issuance of 'Japanese Government Bonds for Individuals' Expected to Reach Record High in a World with Interest Rates ── 10-Year Floating Rate to Reach 2.05% …
According to an announcement by the Ministry of Finance, it has been revealed that the issuance of ‘Japanese Government Bonds for Individuals’ in the domestic market for fiscal year 2026 is expected to reach a record high.
Against the backdrop of the full-scale arrival of a ‘world with interest rates,’ a shift of funds from households is accelerating toward these bonds as a safe asset management destination with no risk of principal loss.
Read MoreOil Stocks Rally as WTI Crude Price Tops $103: Devon Energy and Diamondback Energy Gain 5%, Occidental Petroleum Rises 3%
WTI crude crossing $103 has Permian producers sprinting past a slumping broader market, but the real question is whether Middle East tensions can keep oil in triple digits long enough to matter for Devon, Diamondback, and Occidental shareholders.
A fresh climb in crude is pushing Permian oil producers well ahead of the rest of the stock market.
The Burst
Market Commentary: Don’t Buy The AI Hype
Artificial intelligence was poorly understood for so long. What some claimed was AI was really human-programmed algorithms, or rulesets with decision-making programmed by a person.
Artificial intelligence is different.
Read MoreThe Ivy
Don’t Follow Buffett, Here’s Why
The decision to follow a billionaire investor makes intuitive sense. The logic goes something like this: A billionaire only became rich by making a series of decisions that grew their wealth, if I follow their next decisions, I can be rich too. It seems rationale but it can be hazardous to your portfolio.
» Read more about: Don’t Follow Buffett, Here’s Why »
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