Markets @ Midday - Monday 12th of October - ASX +58pts, GLC, SXE, GNP
Oct 12, 2026 · 6 min · 6 segments
General advice only
- Speakers
Matt SnodgrassHost
- Show signals
- SuitabilitySafeBiasNot politicalAudience≈2k followers
Oct 12, 2026 · 6 min · 6 segments
General advice only
Matt SnodgrassHost
Fairly constructive start to the week, the index finding some support as the market digests a constructive end to last week and we're very much positioning ahead of tomorrow night's pivotal US CPI print for September.
We're seeing some of the rate-sensitive sectors gaining traction, but it is really materials and a bounce by the banking sector that is driving our local market higher this morning.
Of course, that'll be a CDI through to the London listed miner and materials play up, one of the largest in the world.
While also we're still digesting the Firmus Grid IPO collapse last week, which continues to cast a shadow over the ASX tech.
infrastructure IPO pipeline so moving across to some commodity moves we've got Brent crude trading up about four basis points one hundred spot three six copper trading six dollars sixty six US a pound up about a third of percent on all trading down point one percent to ninety one sixty a ton and gold spot trading down point two percent to forty one forty US an ounce So looking at the sectors on the ASX this morning, so materials and top spot up 2.3% led by PHP, obviously the big mover there.
On the weaker side, communication services off 2%, energy off 1.1% and real estate names off 0.8%.
On the weaker side, ARB down 3.5%, TPG down 3.2%, and Washington Sol Pattinson SOL down 3%.
Fairly constructive start to the week, the index finding some support as the market digests a constructive end to last week and we're very much positioning ahead of tomorrow night's pivotal US CPI print for September.
We're seeing some of the rate-sensitive sectors gaining traction, but it is really materials and a bounce by the banking sector that is driving our local market higher this morning.
Of course, that'll be a CDI through to the London listed miner and materials play up, one of the largest in the world.
While also we're still digesting the Firmus Grid IPO collapse last week, which continues to cast a shadow over the ASX tech.
infrastructure IPO pipeline so moving across to some commodity moves we've got Brent crude trading up about four basis points one hundred spot three six copper trading six dollars sixty six US a pound up about a third of percent on all trading down point one percent to ninety one sixty a ton and gold spot trading down point two percent to forty one forty US an ounce So looking at the sectors on the ASX this morning, so materials and top spot up 2.3% led by PHP, obviously the big mover there.
On the weaker side, communication services off 2%, energy off 1.1% and real estate names off 0.8%.
On the weaker side, ARB down 3.5%, TPG down 3.2%, and Washington Sol Pattinson SOL down 3%.
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