{"id":165208,"date":"2025-12-03T01:13:11","date_gmt":"2025-12-03T01:13:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/165208\/"},"modified":"2025-12-03T01:13:11","modified_gmt":"2025-12-03T01:13:11","slug":"gdp-expands-0-4pc-in-q3-missing-forecasts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/165208\/","title":{"rendered":"GDP expands 0.4pc in Q3, missing forecasts"},"content":{"rendered":"

The Australian sharemarket jumped after third-quarter GDP came in below forecasts, boosting expectations that the Reserve Bank of Australia could still cut rates, even as bond traders had largely priced in hikes for 2026.<\/p>\n

The S&P\/ASX 200 added 40.1 points, or 0.5 per cent to 8619.80 at 12.04pm AEDT, after wavering around its previous close of 8579.70 before the Australian Bureau of Statistics dropped its data at 11.30am AEDT.<\/p>\n

It showed that the economy grew 0.4 per cent in the September quarter 2025, with annual growth of 2.1 per cent Both were below of the 0.7 per cent and 2.2 per cent growth forecasted by markets. Before the market hit, the bond market had largely priced out the possibility of another rate cut this cycle after a hotter-than-expected inflation report.<\/p>\n

eToro market analyst Farhan Badami said the data showed that the economy is not overheating in the way the RBA had feared and that the chance of a rate hike sooner had weakened on the data.<\/p>\n

\u201cThis doesn\u2019t mean a rate cut is suddenly on the table for early 2026, but it does take some pressure off the RBA heading into next week. Ultimately, inflation is still uncomfortably high, and the labour market remains tight, so the possibility of a rate hike in 2026 is still very much alive,\u201d he said.<\/p>\n

\u201cFor now, this softer GDP print is likely to reinforce the RBA\u2019s steady hand, keep the focus squarely on inflation and take the idea of a shift back to rate hikes off the cards for now. \u201d<\/p>\n

Real estate stocks paced gains on the ASX amid a global sell-off in bonds<\/a>. Vicinity firmed 1.4 per cent, Scentre by 1.3 per cent and Stockland by 1.6 per cent. Utilities also gained, led by a 2.8 per cent jump in AGL shares.<\/p>\n

The major banks reversed a mixed morning session to all be up, as ANZ rallied 1.2 per cent, Westpac by 0.6 per cent and a 0.5 per cent rise for both Commonwealth Bank and National Australia Bank.<\/p>\n

BHP and Fortescue were up 0.9 per cent and 0.6 per cent respectively as Vale, one of the world\u2019s top iron ore suppliers, cut its forecast for output of the steel-making staple in 2026, as global demand cools and new supply from Africa comes online.<\/p>\n

Tech failed to follow gains on Wall Street as Block fell 6.4 per cent after it reported a 10 per cent increase in transactions during Black Friday, and Megaport lost 5.3 per cent.<\/p>\n

Stocks in focus<\/p>\n

In company news, Betmakers rose 3.2 per cent after it reported stronger digital wagering activity and signed a renewed distribution agreement with US-based Penn Entertainment.<\/p>\n

4DMedical surged 13.6 per cent as it expanded its distribution agreement with Philips, securing a minimum $US10 million ($15 million) in CT:VQ orders over two years.<\/p>\n

Vulcan Energy Resources was in a trading halt after it secured a \u20ac2.2 billion ($3.93 billion) financing package to fully fund construction of its Phase One Lionheart lithium and renewable energy project in Germany\u2019s Upper Rhine Valley.<\/p>\n

Transurban gained 0.2 per cent as it said it would pay an interim distribution of 34\u00a2 per stapled security for the six months to December 31, funded through Transurban Holding Trust and its controlled entities.<\/p>\n","protected":false},"excerpt":{"rendered":"The Australian sharemarket jumped after third-quarter GDP came in below forecasts, boosting expectations that the Reserve Bank of…\n","protected":false},"author":2,"featured_media":165209,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-165208","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/165208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=165208"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/165208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/165209"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=165208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=165208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=165208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}