1h agoMon 13 Oct 2025 at 8:24pmMarket snapshotASX 200 futures: +0.3% to 8,927 pointsAustralian dollar: +0.7% at 65.14 US centsS&P 500: +1.6% to 6,654 pointsNasdaq: +2.2% to 22,694 pointsFTSE 100: +0.2% to 9,442 pointsEuroStoxx 600: +0.4% to 566 pointsSpot gold: +2.3% to $US4,109/ounceBrent crude: +1.3% to $US63.54barrelIron ore: -1.1% at $US106.15/tonneBitcoin: +0.6% at $US115,712

Prices current at around 7:20am AEDT

Live updates on the major ASX indices:

6m agoMon 13 Oct 2025 at 9:53pm

Back to the future

Hi Stephanie. You might be interested to know that the ASIC hit on super funds customer service is particularly relevant today to the Commonwealth Superannuation Corporation which handles enormous sums for public servants etc. They have put a customer advice on their website that it will be offline between 6pm and 10 pm on WEDNESDAY 14th October.
I hope they are more adept at handling money than they are at calendar reading !

– Phillip

Morning Philip, I’m the first to forgive a typo, as a frequent culprit, but that is quite entertaining timing.

Shame it isn’t Wednesday, I have to say.

But at least we can pass the time on the blog.

18m agoMon 13 Oct 2025 at 9:41pmFrustration mounts among Qantas customers

Frustration is mounting among Qantas customers who have been made aware that their names and addresses are up for grabs on the dark web.

The stolen data of 5.7 million customers was released over the weekend after cybercrime collective Scattered Lapsus$ Hunters did not receive the ransom it demanded.

“I still haven’t had any communication directly from Qantas about what’s happened, and that’s really frustrating as someone who often doesn’t have a lot of choice,” one of those affected, Ebe Ganon, told The Business.

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Qantas has not fronted the media since hackers followed through with the threat to post the data on the dark web.

In response to questions from the ABC, a spokesperson pointed to a statement on the airline’s website.

The airline spokesperson also said affected customers could access various types of support from IDCARE, which was offered to individual customers on a case-by-case basis.

Read more from business reporters Rhiana Whitson and Yiying Li:

37m agoMon 13 Oct 2025 at 9:22pmAussie dollar continues rebound

The Aussie dollar has continued its rebound after Friday’s falls.

Here’s how it has tracked over the weekend and into today:

AUDUSD (LSEG Refinitiv)

“Currency markets saw a notable reversal of Friday’s risk-off moves, with the Australian dollar leading G10 gains after being the worst performer at the end of last week,” NAB’s currency strategist Rodrigo Catril wrote in his morning note.

“Most of the price action was seen at the start of Monday, following positive signals from the US and China tensions.”

Since then, the Aussie dollar has remained fairly steady around 65.2 US cents overnight.

50m agoMon 13 Oct 2025 at 9:09pmASIC slams superannuation funds on ‘customer service’

Corporate watchdog ASIC has placed increasing scrutiny on super funds over their handling of death benefit claims and insurance payouts, after earlier this year delivering  a scathing review of “often ineffective and insensitive” communications in the sector.

Now, ASIC has turned its sights to how funds communicate with members about retirement, today launching a review of the practices of 12 superannuation funds.

The regulator said it was concerned that many Australians did not have the information they needed to make informed decisions about retirement.

It found that some trustees offered one-size-fits-all retirement communications aimed primarily at pre-retirees, missing opportunities to engage with members throughout retirement and provide more meaningful support.

Read more from reporters Nassim Khadem and Adelaide Miller:

1h agoMon 13 Oct 2025 at 8:44pmASX to rise as Wall St recovers, RBA minutes incoming

Good morning and welcome to your Tuesday markets blog.

Wall Street has reopened for the week and was in a much better mood than Friday, with stocks recovering on watered-down social media rhetoric from the US president on China.

ASX futures are pointing higher, after almost a 600-point gain for the Dow and 2%-plus rally on the Nasdaq.

However, CBA’s morning note suggests everything isn’t all tied up neatly.

“Despite overnight market moves, we do not consider that any issues have been resolved,” writes CBA’s head of international economics and foreign exchange Joseph Capurso.

“The Chinese government has not withdrawn or modified its new controls on rare earths.

“The US government has not withdrawn or modified its threats to impose tariffs and restrict software supply.

“Both parties are waiting for the other to concede.

“Consequently, we consider this issue can escalate beyond a war of words.  The next cue for market participants is whether the meeting between President Trump and President Xi goes ahead or not.”

So the calm before the storm, perhaps?

There’s a little bit of data to come out locally today, with NAB’s business confidence survey for September and the Reserve Bank’s meeting minutes due out mid-morning.

Stick with us!

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