1h agoThu 9 Oct 2025 at 8:39pmMarket snapshotASX 200 futures: -0.4% to 8,957 pointsAustralian dollar: -0.5% at 65.52 US centsS&P 500: +0.3% to 6,735 pointsNasdaq: -0.1% to 23,024 pointsFTSE 100: -0.4% to 9,509 pointsEuroStoxx 600: -0.4% to 571 pointsSpot gold: -1.5% to $US3,975/ounceBrent crude: -1.7% at $US65.12/barrelIron ore: +0.4% to $US105.35/tonneBitcoin: -1.6% at $US121,028

Prices current at around 7:35am AEDT

Live updates from major ASX indices:

5m agoThu 9 Oct 2025 at 10:05pm

RBA Governor at senate estimates

Reserve Bank of Australia Governor is about to appear before the Economics Committee at senate estimates in Canberra.

She’ll be taking questions from senate committee members for about 75 minutes.

I’m tuning in and will blog anything interesting that’s said.

If you’re really excited by the sound of this, you can also tune in via this link: Senate Economics Legislation Committee | 10/10/2025

No opening statement from Ms Bullock today. Straight into questions.

7m agoThu 9 Oct 2025 at 10:02pm

Senate committee getting underway

No sign of RBA governor Michele Bullock yet but the hearing is getting underway in Canberra.

28m agoThu 9 Oct 2025 at 9:41pm

China tightens rare earth export rules further

China has announced new controls on the export of rare-earth technologies and associated items, adding to regulations on a critical industry that has been a key source of tension between Beijing and Washington.

China is the world’s leading producer of the minerals used to make magnets crucial to the auto, electronics and defence industries.

It has required licences for certain exports of the materials since April, hitting global manufacturing sectors.

Australian rare earths producer, Lynas, which is the largest player outside of China, earlier this week struck a deal to help supply magnets to the US defence and commercial sectors, as the White House continues to shore up supplies outside of China.

Reporting with AFP

33m agoThu 9 Oct 2025 at 9:36pm

Aussie drops against stronger greenback

The Australian dollar weakened against the greenback overnight.

The US dollar rose, while there was a dearth of economic data as the US government shutdown continued, and the Israel-Hamas peace deal dominated the news cycle.

NAB’s head of FX research Ray Attrill isn’t expecting anything too market moving, either, when RBA officials front a Senate committee in just under half an hour’s time.

“On the policy outlook, expect similar framing to the post meeting press conference, with little new data since then, albeit monthly household spending for August does suggest that risks on the sustainability of the pickup in consumption growth remain two sided,” he wrote.

57m agoThu 9 Oct 2025 at 9:12pmFirst Guardian financial adviser says he relied on super trustees

A former financial adviser involved in placing thousands of clients into the since-collapsed First Guardian Master Fund says he was given clearance by superannuation trustee Diversa to do so — despite the trustee initially flagging compliance concerns.

Business reporter Nassim Khadem continues her investigation into the fallout of the First Guardian and Shield collapse, which have led to potential losses of more than $1 billion for almost 12,000 Australians.

Read the story here:

1h agoThu 9 Oct 2025 at 8:53pmASX to drop, Bullock grilling coming up

Good morning, we made it to Friday!

The local share market looks set to dip at the open, after falls on global markets.

That puts the ASX 200 on track for a weekly fall after two weeks of gains.

It was fairly quiet overnight in terms of economic news flow, with the US government remaining shut and the major news being the Israel-Hamas peace deal.

Oil prices fell and gold pulled back from its recent rally.

The major thing on the agenda today is Reserve Bank governor Michele Bullock appearing before a Senate committee in Canberra around 9am AEDT.

We’ll have all the latest here on the blog, so don’t go anywhere.

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