Market Reports

• Australian Market Report: The S&P/ASX200 rose 1.3 per cent for the week after rising 16.3 points on Friday, or 0.2 per cent, to 8908.1, while the broader All Ordinaries gained 12.8 points, or 0.14 per cent, to 9025.4..... [more]

• U.S. Market Report: US stocks ​tumbled on Friday, with the Nasdaq suffering its largest one-day percentage drop since June 5 following disappointing quarterly results from ‌Intel and Amazon, which amplified growing worries surrounding AI-related.... [more]

• European Market Report: The major European markets closed mixed on Friday even as most of the other markets across the continent ended notably lower, as investors reacted to a slew of corporate earnings announcements.... [more]

• Asian Market Report: Asian stocks ended mixed on Friday, with technology and semiconductor shares falling amid ongoing AI-related concerns..... [more]

Australian Business News

• The global economy and markets have proved resilient to the Middle East energy shock. Strong AI investment and fiscal spending have cushioned the hit to growth, while supply buffers helped absorb much of the initial shock..... [more]

• Weekend Wrap: Coles cops it, Anthropic's IPO and a very weird market. The consumer looks shaky, but the market might already be looking past it..... [more]

• Australia’s four major banks have unanimously agreed that the Reserve Bank of Australia will lift the official cash rate by 25 basis points to 4.85% this week (November 3), as a hotter-than-expected inflation print increased the odds.... [more]

• Finance Minister Katy Gallagher says growing pressures on the federal budget mean the government cannot promise it will find overall savings in its December update, even as Australians brace for another interest rate rise.... [more]

• Home values fall for seventh consecutive month as interest rates dent demand.... [more]

• Push to lift GST to 15 per cent sparks warnings from small business. There are growing calls to raise the GST to tackle Australia’s spiralling debt – but is the move “misguided” in a cost of living crisis?.... [more]

• Financial adviser numbers continued their modest growth this week, with Padua’s WealthData reporting 19 new advisers, bringing the total number on the Financial Adviser Register to 15,209..... [more]

• Estrella Resources has rung the till on its Timor-Leste manganese play, signing a binding sales agreement for 27,000 tonnes of ore from its Ira Miri project with Australian private company Repusource Pty Ltd..... [more]

• 4 ASX gold shares to buy as gold price breaks below US$4,000 per ounce: experts. Experts name their top gold share picks for buy-the-dip investors..... [more]

• Ardea Resources has joined forces with Japanese industrial heavyweights Sumitomo Metal Mining and Mitsubishi Corporation to put its giant Goongarrie nickel-cobalt project near Kalgoorlie through another engineering workout,.... [more]

• Catalyst Metals Shares Hit 52 Week Lows, As Delays Impact Outlook.... [more]

• Bargain-hunting by customers and more fierce competition in the supermarket sector have slowed supermarket sales growth at Coles, sparking a share-price plunge that wiped about $3.5 billion off the company’s market value .... [more]

• FlexiRoam rolls on with fifth straight cash flow-positive quarter.... [more]

• High jet fuel prices are forcing airlines to trim routes and capacity, creating a short-term headwind for the fledgling Western Sydney International (WSI) Airport as it attempts to lure new carriers..... [more]

• Comment - Chris Stott: The small-cap buying opportunity is still ahead. 1851 Capital’s CIO explains his AI exits, the signals he’s watching for a small-cap recovery, and the turnaround behind his largest holding..... [more]

• Opinion - Matt Grudnoff: Interest rate rises and the recession we don’t have to have. If there is a rate rise tomorrow, it will increase the chances of Australia going into a recession. My fear is that people have forgotten how terrible recession.... [more]

World Business News

• Iran offers 48-hour Hormuz reopening plan as Trump signals progress in talks.... [more]

• Wall St Week Ahead Midterm US elections, earnings, jobs data loom for AI-wary stock market.... [more]

• Your stock portfolio increasingly hinges on the bond market — and the midterm elections. Tech stocks in late October caught the cold that for months has been a drag on the corporate bond market.... [more]

• More than $2 trillion in market value is set to be wiped from the tech-heavy Nasdaq 100 this month, as Big Tech earnings intensified investor scrutiny of whether the billions being poured ​into artificial intelligence can generate returns.... [more]

• A simple explainer of the massive $6.3 billion crypto heist at Binance.... [more]

• Binance sees spike in customers pulling funds out after covering bulk of stolen $6.3 billion.... [more]

• How North Korea perfected the crypto heist.... [more]

• Google taught the world how to search. Now it faces a revolution it can’t afford to lose. Wall Street is grappling with a fundamental question: Are Google’s AI Overviews bound to save search — or ruin the whole business?.... [more]

• Automakers including Ford Motor and Rivian Automotive are leaning into a new type of manufacturing line: 3D printing. Manufacturers say it’s helping them reduce costs and increase speed..... [more]

• The latest update on the grocery wars is here, with Walmart and Costco gaining ground.... [more]

• Starbucks sales miss expectations, but its U.S. turnaround is gaining steam.... [more]

• President Donald Trump’s administration has made $15 billion worth of promises to agriculture producers in the last few weeks of the midterm elections, initiatives intended to help offset higher costs for diesel and fertilizer.... [more]

• Judge Tosses Trump’s $10 Billion Suit Against The Wall Street Journal. The defamation suit focused on an article about a birthday note to Jeffrey Epstein. It was the president’s second attempt.... [more]

• The ​European Central Bank may need to raise interest rates further to counter high inflation and ‌prevent it from spiralling into wages, ECB policymakers said on Friday, hours after the bank left rates unchanged..... [more]

• UK willing to spend £450m a year on EU students if it can join Made in Europe scheme. Plan to allow students from bloc pay same fees as Britons contingent on entry to industrial programme, officials say.... [more]

• AstraZeneca launches overhaul to cut costs by £1.1bn a year. Anglo-Swedish AstraZeneca employs 100,000 workers globally, of which around 10,000 are based in the UK..... [more]

• Thousands of jobs at Virgin Media O2 to be cut.... [more]

• National Grid has taken a step towards building Britain’s biggest electricity substation on Teesside, which could supply power to a vast neighbouring datacentre as the UK races to expand its AI infrastructure..... [more]

• Yorkshire Water boss resigns after firm downgraded.... [more]

• Sadiq Khan calls for cap on numbers of robotaxis on London streets. Mayor questions impact on air quality, congestion and jobs as government poised to allow driverless vehicles in capital.... [more]

• Portugal's government is assessing whether to increase its 8% stake in oil company Galp Energia (GALP.LS), after the collapse ​of merger talks with Spain's Moeve, the economy minister said ‌on Sunday.... [more]

• An Asian Stock Trader’s Guide Ahead of the US Midterm Elections.... [more]

• China’s central bank and securities regulator are expected to meet with financial institutions on Monday to discuss measures to bolster the country’s stock market, following a sell-off in October that heightened concerns over market.... [more]

• China's BYD extends sales growth streak on strong exports.... [more]

• Xiaomi's October EV deliveries top 50,000, hit 2026 monthly high.... [more]

• South Korea Exports Extend Robust Growth on AI-Fueled Chip Boom.... [more]

• Two Point O Capital, which finances and helps install clean energy and water treatment systems for businesses, has raised $10 million in a funding round led by Transition Venture Capital..... [more]

• Bangladesh said on Sunday it had set ​up a wage board to review garment workers' pay and urged employees to return to work as violent ‌protests forced the closure of more than 500 factories, with police firing tear gas.... [more]

• Comment/Analysis - Daisy Wu: Big Apple vs Pearl of the Orient? How higher taxes in New York may open door for Hong Kong. Analysts say Hong Kong could benefit as New York’s tax debate prompts wealthy families to reassess.... [more]

• Opinion - Imran Khalid: Asia should read the fine print on Musk’s Starlink contracts. Asia’s defense ministry buyers should define ‘offensive’, lock wartime prices and start seeking backup networks now.... [more]