Tuesday 27th October 2026
Daily Market Update: 27 October 2026
Sharemarket edges higher ahead of inflation data and Fed decision
The S&P/ASX 200 (INDEXASX: XJO) rose 14.7 points to 8809.9 on Monday. Six of the 11 sectors fell, led by consumer-related stocks, while materials and real estate gained. The index is down more than 4% since its August record high on rate and AI-funding concerns. Inflation data due Wednesday could cement the case for a fifth Reserve Bank of Australia cash rate rise next week, to 4.85%, with money markets pricing a 65% chance at the November 3 meeting.
Miners and energy lift the bourse as banks and staples drag
Miners advanced on hopes of fresh China stimulus, with BHP Group Limited (ASX: BHP) up 1 per cent to $55.6 and Fortescue Ltd (ASX: FMG) up 2.2 per cent to $14.58. Energy stocks gained despite a near 2 per cent fall in Brent crude to $US114 a barrel, as Middle East tensions kept prices near a six-month high: Woodside Energy Group Ltd (ASX: WDS) added 0.7 per cent to $33.09. The big four banks weighed, led by National Australia Bank Limited (ASX: NAB), down 0.8 per cent to $41, while staples fell on profit-taking. In corporate news, Tuas Limited (ASX: TUA) tumbled 31 per cent to $1.26 after its Singapore subsidiary faced a possible fine or licence suspension, and Ingenia Communities Group (ASX: INA) climbed 5 per cent to $5 on a third takeover bid, from Avid Property Group at $5.40 per security. BlueScope Steel Limited (ASX: BSL) rallied 2.9 per cent to $33.31 on raised first-half guidance.
Wall Street climbs as AI shares rebound on Anthropic IPO filing
US stocks closed higher as AI-related shares rebounded after Anthropic filed for an initial public offering. The S&P 500 (INDEXSP: .INX) gained 0.7%, the Nasdaq rose 1.1% and the Dow Jones Industrial Average (INDEXDJX: .DJI) added 146 points. The filing brings Anthropic closer to being the first company focused primarily on advanced AI models to go public, testing appetite for AI-linked equities. Chipmakers advanced, with NVIDIA Corporation (NASDAQ: NVDA) up 2.4%, Micron Technology, Inc. (NASDAQ: MU) up 3% and Advanced Micro Devices, Inc. (NASDAQ: AMD) up 2.8%. Tesla, Inc. (NASDAQ: TSLA) jumped 5.2% on a Barclays upgrade to Overweight, while Meta Platforms, Inc. (NASDAQ: META) fell 1.9% despite plans to raise up to $US95 billion to fund its AI ambitions. Verizon Communications Inc. (NYSE: VZ) declined on weaker revenue. Alphabet Inc. (NASDAQ: GOOGL), Microsoft Corporation (NASDAQ: MSFT) and Amazon.com, Inc. (NASDAQ: AMZN) report third-quarter results later this week.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.3 | -0.4 | 1.7 | 1.6 | 0.5 |
| Financials | 0.2 | 3.1 | 7.2 | 0.6 | 3.3 |
| Resources | 1.5 | -7.5 | -9.6 | -3.2 | 14.3 |
| Information Technology | 0.4 | 1.9 | 4.2 | 3.1 | -31.1 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.7 | -1.5 | -1.6 | 2.4 | 4.3 |
| Europe | -0.2 | -1.3 | -2.1 | -3.1 | 1.3 |
| Japan | 0.4 | -2.1 | -3.6 | 2.7 | 9.6 |
| China top 50 | -0.5 | -5.1 | -4.9 | -7.0 | -25.0 |
| India top 50 | -1.3 | -1.6 | -1.3 | -2.6 | -21.7 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.0 | 0.3 | 1.4 | 0.8 | -1.0 |
| Australian Corporate Bond | 0.0 | 0.2 | 1.1 | 0.7 | -0.5 |
| US Treasury | -0.1 | 0.5 | 1.6 | 0.1 | -0.8 |
| Cash | 0.0 | 0.1 | 0.4 | 1.2 | 4.2 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | -0.2 | -3.8 | -6.0 | -1.6 | -5.9 |
| Silver | 0.1 | -7.2 | -17.2 | -8.4 | 5.6 |
| Crude Oil | 0.7 | 4.8 | 13.1 | 23.9 | 119.1 |
| Bitcoin | -2.5 | -2.3 | -3.8 | 25.3 | -35.0 |
