Here are three dot points summarising your update:
- All Ordinaries (ASX:XAO) snaps four-day losing streak, rising 0.1 per cent as Pro Medicus (ASX:PME) jumps on a $40m contract, while IperionX (ASX:IPX) falls on a short report.
- Elders (ASX:ELD) surges on stronger livestock prices; Fleet Partners (ASX:FPR) gains on acquisition news; BHP (ASX:BHP) steady despite UK court ruling.
- US markets drop 1.2 per cent ahead of key data, with NVIDIA (NYSE:NVDA) result in focus; Berkshire (NYSE:BRK.B) buys US$5b of Alphabet (NYSE:GOOGL) as Bitcoin slumps 30 per cent.
All Ords (ASX:XAO) ends losing streak, Pro Medicus (ASX:PME) rallies on contract win, IperionX (ASX:IPX) smashed by short report
The local market ended its worst losing run since June this year, gaining 0.1 per cent Monday, as a negative lead from the US and more weakness in the technology sector threatened to send the All Ordinaries (ASX:XAO) lower for a fifth straight day. The energy sector, up 1.1 per cent, was a rare gainer, with the likes of Woodside (ASX:WDS) rallying 0.9 per cent as the oil price was pushed higher by conflict in Russia that impacted a major port. Commonwealth Bank (ASX:CBA) continues to come back to the pack, losing another 1 per cent as investors push the likes of ANZ (ASX:ANZ) closer to all-time highs. Pro Medicus (ASX:PME) which provides radiology software, was a big winner, gaining 4.2 per cent after announcing a more than $40 million deal with another radiology group. Little known titanium producer in the US, IperionX (ASX:IPX) fell by more than 3 per cent after the company exited a trading halt following the release of a short report by Spruce Point Capital which questioned the delivery of its planned capabilities.
Elders (ASX:ELD) surges on sheep, cattle prices, Fleet Partners announces expansion
Agricultural retailer Elders (ASX:ELD) posted a more than 6 per cent gain as the company overcame a weak second half, thanks to stronger sheep and cattle prices, as drought hit both Victoria and South Australia. Earnings were 12 per cent higher with profit jumping 34 per cent to $86 million allowing a boost to the dividend. Real estate advertising and livestock sales were central to the better than expected result. BHP (ASX:BHP) was broadly flat despite the UK High Court finding the company liable for the 2015 Samarco dam collapse, a decade after the devastating event. Fleet Partners (ASX:FPR) posted a 5.2 per cent gain despite a 4 per cent fall in profit to $84 million, with news of the acquisition of Remunerator, another salary packing provider, boosting sentiment on the day.
Benchmarks, S&P500 slide ahead of NVIDIA (NYSE:NVDA), jobs report, Berkshire (NYSE:BRK.B) big new buy
All three benchmarks fell sharply on Monday, down 1.2 per cent respectively, as markets brace for a delayed jobs report and the latest quarterly result from NVIDIA (NYSE:NVDA) which has become the most important company in the world. The largest holding in most index tracking ETFs, the market direction will be determined by the result with data showing hedge fund managers are split, with half increasing and half decreasing their positions in the third quarter. Bitcoin’s struggles continue with the digital currency now giving up all gains made in 2025, falling 30 per cent since October and losing some US$600 billion in value for investors, despite an increasingly supportive regulatory environment. Walmart (NYSE:WMT) and Target (NYSE:TGT) are both set to report this week, which will offer insights into the underlying strength of the US economy. Berkshire (NYSE:BRK.B) flagged a significant new buy, adding a US$5 billion holding in Alphabet (NYSE:GOOGL) during the month. While Ford (NYSE:F) has been the first company to partner with Amazon (NYSE:AMZN) to offer used car sales through the online platform.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.1 | -2.0 | -3.7 | -2.1 | 7.4 |
| Financials | -0.1 | -4.7 | -3.4 | -0.3 | 7.8 |
| Resources | 0.2 | 2.0 | 0.6 | 11.8 | 25.1 |
| Information Technology | 0.8 | -5.6 | -10.6 | -14.4 | -4.1 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | -0.9 | -1.8 | 0.2 | 4.3 | 14.4 |
| Europe | -0.9 | 0.5 | 0.2 | 2.9 | 26.8 |
| Japan | -0.2 | 0.6 | 2.7 | 4.4 | 25.1 |
| China top 50 | -1.8 | -1.2 | 2.6 | 5.2 | 35.2 |
| India top 50 | 0.2 | 0.5 | -0.8 | 2.3 | 2.5 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | -0.1 | -0.4 | -1.7 | -0.5 | 5.2 |
| Australian Corporate Bond | -0.1 | -0.3 | -1.5 | -0.3 | 5.8 |
| US Treasury | -0.2 | -0.3 | -0.8 | 1.2 | 5.3 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 4.1 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | -3.0 | -0.9 | -4.6 | 21.4 | 54.1 |
| Silver | -4.1 | 3.4 | -4.8 | 37.1 | 66.8 |
| Crude Oil | -0.4 | -0.2 | 5.2 | -1.4 | -1.4 |
| Bitcoin | -2.5 | -10.5 | -11.1 | -20.0 | 0.7 |