1h agoMon 3 Nov 2025 at 8:02pmMarket snapshotASX 200 futures: -0.2% to 8,889 pointsAustralian dollar: -0.1% at 65.37 US centsS&P500: +0.1% to 6,850 pointsNasdaq: +0.4% to 23,824 pointsFTSE: -0.2% to 9,701 pointsEuroStoxx: +0.2% to 598 pontsSpot gold: +0.1% to $US4,005/ounceBrent crude: +0.1% to $US 64.85/barrelIron ore: -1.3% to $US104.75 a tonneBitcoin: -2.6% at $US107,123
ASX 200 futures: -0.2% to 8,889 pointsAustralian dollar: -0.1% at 65.37 US centsS&P500: +0.1% to 6,850 pointsNasdaq: +0.4% to 23,824 pointsFTSE: -0.2% to 9,701 pointsEuroStoxx: +0.2% to 598 pontsSpot gold: +0.1% to $US4,005/ounceBrent crude: +0.1% to $US 64.85/barrelIron ore: -1.3% to $US104.75 a tonneBitcoin: -2.6% at $US107,123Prices current at around 7:00am AEDT
Live updates on the major ASX indices:
27m agoMon 3 Nov 2025 at 9:28pmS&P 500, Nasdaq end higher
The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains, even as the Federal Reserve’s near-term monetary policy grew increasingly foggy due to the scarcity of official US economic data.
Tech and tech-related firms helped boost the Nasdaq to the biggest gain, while healthcare companies UnitedHealth Group and Merck held the Dow in negative territory.
Among the major drivers to the upside, Amazon jumped after the company announced it struck a $US38 billion ($58 billion) deal with OpenAI to allow the ChatGPT maker to run and scale its artificial intelligence workloads on Amazon Web Services’ cloud infrastructure.
Nvidia shares gained after US President Donald Trump said the AI chipmaker’s most advanced microchips will be reserved for US companies and kept out of China and other countries.
Over the weekend, the White House released details about the agreement reached by US President Donald Trump and Chinese President Xi Jinping to de-escalate the trade war between the world’s two biggest economies.
“The Amazon deal and other M&A news have boosted the market, and then you know we came into the week after getting marginally positive news over the weekend, both about the China trade situation and some dovish Fedspeak,” said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky.
“[But] it’s definitely a market led by big tech semiconductors and it has been for almost this entire bull market.”
with Reuters
49m agoMon 3 Nov 2025 at 9:06pmWhat the RBA’s next move will be?Loading…
HSBC’s chief economist for Australia Paul Bloxham has told The Business host Kirsten Aiken that the Reserve Bank of Australia will keep the official cash rate on hold through next year.
He also explains why a hike — eventually — is likely to be the RBA’s next rate move.
1h agoMon 3 Nov 2025 at 8:38pmStock indexes climb after Amazon-OpenAI deal
Most major stock indexes were higher on Monday following news Amazon will supply cloud-computing services to OpenAI, and the US dollar hovered near a three-month high versus the euro due to waning expectations for hefty US rate cuts.
The multi-year $US38 billion ($58 billion) Amazon-OpenAI deal provided some support to equities, with Amazon shares more than 4% higher.
The Federal Reserve last week cut interest rates as expected. But chair Jerome Powell said another cut in December was “not a foregone conclusion”, contrary to some investors’ beliefs that it was essentially a done deal.
Some Fed officials on Friday aired their discomfort with the central bank’s decision to cut rates, even as influential Fed Governor Christopher Waller made the case for more policy easing to shore up a weakening labour market.
Investors have been without most US economic data releases given the ongoing US government shutdown.
“Investors are optimistic about AI and progress with China with respect to the trade truce. But as the market opened, we’re seeing a tale of two tapes,” said Adam Sarhan, chief executive of 50 Park Investments in New York.
“The AI and tech stocks are up today and just about everything else is down. Clearly, the narrowing of leadership continues in a very apparent way,” he said.
The US Supreme Court is considering the legality of President Donald Trump’s global tariffs, with arguments set for Wednesday. Under one legal authority or another, Trump’s tariffs are expected to stay in place long-term.
Tech and tech-related firms helped boost the Nasdaq into the lead, while healthcare companies UnitedHealth Group and Merck were off 3.0% and 3.1%, respectively, dragging the Dow into negative territory.
with Reuters
1h agoMon 3 Nov 2025 at 8:33pm
How has the RBA’s cash rate tracked?
The Reserve Bank’s monetary policy board is forecast to keep the official cash rate unchanged at 3.6% later this afternoon.
So how did we get here?
Here’s how the cash rate has tracked over the past few years:
1h agoMon 3 Nov 2025 at 8:07pm
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1h agoMon 3 Nov 2025 at 8:03pm
Reserve Bank decision at 2:30pm AEDT1h agoMon 3 Nov 2025 at 7:58pmASX to edge lower
Good morning and welcome to Tuesday’s markets live blog, where we’ll bring you the latest price action and news on the ASX and beyond.
A mixed session on Wall Street overnight sets the tone for local market action today.
The Dow Jones index dropped 0.2 per cent, the S&P 500 gained 0.2 per cent and the Nasdaq Composite up 0.5 per cent.
ASX futures were down 14 points or 0.2 per cent to 8,889 at 7:00am AEDT.
At the same time, the Australian dollar was down 0.1 per cent to 65.40 US cents.
Brent crude oil was up 0.2 per cent, trading at $US64.88 a barrel.
Spot gold advanced 0.1 per cent to $US4,005.19.
Iron ore was down 1.3 per cent to $US104.75 a tonne.