Afternoon Report | ASX rises despite US inflation shock
FEAR & GREED | Business News

Afternoon Report | ASX rises despite US inflation shock

B2Upper-intermediateNovember 11, 20265 min
  • News bulletin
  • Business & money

This is the Fear & Greed Afternoon Report - everything you need to know right now. Today, Australian shares rise despite a sell-off on Wall Street, as hotter-than-expected US inflation fuels fears of another big interest rate hike. Michael Thompson looks at the winners and losers on the ASX, including Commonwealth Bank, which has reported rising mortgage arrears and increased provisions for bad debts. Plus, David Jones prepares to close half its stores, fresh signs of stress emerge in Australia's private credit market, and US Defence Secretary Pete Hegseth survives an impeachment attempt. Join...

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And I've got to say this afternoon, a sea of green on the local share market, the S&P

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the green pretty much everywhere.

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0:00

Welcome to the Fear and Greed afternoon report for Wednesday the 11th of November, 2026. I'm Michael Thompson and in five minutes we've got everything you need to know right now. And I've got to say this afternoon, a sea of green on the local share market, the S&P ASX 200 closed 0.3% higher to 9,153 points and 10 of the 11 sectors were higher, hence

0:23

the green pretty much everywhere. Now this comes after yesterday's 11 week high and also comes after a very ordinary lead-in from Wall Street overnight where we had US shares falling and bond yields jumping after inflation in the US in the world's biggest economy came in hotter than expected which

0:42

has then in turn fueled fears that the Federal Reserve in the States could raise interest rates by up to half a percentage point to bring prices under control. All investors though here seemingly shrugged all of that off and it was the tech stocks leading the gains, Life360 for instance, jumped 10.5% today, but it also had a lot of ground

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