Wednesday 3rd December 2025
Daily Market Update: 03 December 2025
Energy and miners prop up ASX
The Australian market recovered modestly on Tuesday as strength in energy and mining stocks provided a buffer against wider investor caution. The S&P/ASX 200 Index (ASX: XJO) rose by 0.2 per cent to 8579.7 points, while the All Ordinaries Index (ASX: XAO) edged up 0.1 per cent, easing some of Monday’s sharp decline caused by a technical outage. Rising oil prices, boosted by geopolitical tensions and decisions by the global oil cartel, helped lift energy shares. Woodside Energy Group Limited (ASX: WDS) increased 1 per cent, Santos Limited (ASX: STO) gained 0.9 per cent, and Beach Energy Limited (ASX: BPT) also rose 0.9 per cent.
Other market movers in Australia
In the materials sector, mining heavyweights supported gains: BHP Group Limited (ASX: BHP) added 1.1 per cent, while Fortescue Metals Group Limited (ASX: FMG) rose 1.3 per cent and Rio Tinto Limited (ASX: RIO) climbed 1.7 per cent, aided by a higher copper price and stronger demand for medium‑grade ores. On the downside, rate‑sensitive tech stocks weighed, WiseTech Global Limited (ASX: WTC) and TechnologyOne Limited (ASX: TNE) both fell 2.3 per cent, and Life360 Inc. (ASX: 360) dropped 2.6 per cent. In corporate news, Collins Foods Limited (ASX: CKF) sank 3.5 per cent despite reporting record first‑half revenue, with analysts calling its upgraded outlook overly conservative. Meanwhile, ASX Limited (ASX: ASX) fell 1.4 per cent after a rating downgrade linked to the recent trading outage.
Global markets rebound
Overseas, US equities regained composure as investors looked past recent volatility. The S&P 500 Index (NYSEARCA: SPY) rose 0.3 per cent, the Nasdaq Composite Index (NASDAQ: IXIC) climbed 0.9 per cent, and the Dow Jones Industrial Average (INDEXDJX: DJI) rebounded sharply. Tech and software names regained traction, Nvidia Corporation (NASDAQ: NVDA) rose 0.9 per cent and Palantir Technologies Inc. (NYSE: PLTR) climbed 1.9 per cent, but gains were broader‑based than solely tech‑driven. Notably, The Boeing Company (NYSE: BA) surged, while Intel Corporation (NASDAQ: INTC) and AppLovin Corporation (NASDAQ: APP) also posted strong gains, helping stabilise risk sentiment ahead of key US economic data and central bank meetings.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.2 | 0.5 | -3.0 | -2.8 | 4.3 |
| Financials | 0.1 | -1.2 | -7.3 | -7.1 | 2.1 |
| Resources | 0.8 | 2.5 | 1.3 | 9.0 | 23.8 |
| Information Technology | -1.1 | -1.0 | -10.1 | -15.0 | -10.7 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.3 | -0.9 | -0.4 | 6.0 | 12.5 |
| Europe | 0.0 | 0.2 | 1.4 | 4.9 | 24.4 |
| Japan | -0.1 | 0.3 | -1.5 | 5.1 | 16.4 |
| China top 50 | 0.4 | -1.8 | -0.4 | 0.6 | 31.3 |
| India top 50 | -1.4 | -1.0 | 0.6 | 3.4 | -1.0 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | -0.2 | -0.8 | -1.3 | -0.6 | 2.9 |
| Australian Corporate Bond | -0.1 | -0.9 | -1.3 | -0.5 | 3.7 |
| US Treasury | -0.3 | 0.0 | 0.4 | 1.9 | 4.2 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 4.1 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | -0.5 | 1.0 | 5.5 | 20.8 | 58.0 |
| Silver | -0.1 | 10.4 | 17.2 | 41.0 | 82.9 |
| Crude Oil | -0.2 | 2.4 | -2.5 | -7.8 | -3.5 |
| Bitcoin | 5.6 | -0.3 | -17.8 | -19.1 | -6.9 |
