Afternoon Report | ASX surges
FEAR & GREED | Business News

Afternoon Report | ASX surges

B2Upper-intermediateNovember 5, 20264 min
  • News bulletin
  • Business & money

This is the Fear & Greed Afternoon Report - everything you need to know right now. Today, Australian shares surge to a two-month high, as technology and mining stocks rally. Michael Thompson looks at three major business stories: a potential takeover battle for NextDC, the collapse of David Jones, and NAB's warning of a growing recession risk. Plus, hear from NAB CEO Andrew Irvine on the pressures facing Australian retailers. Also, the fallout from the US midterm elections continues, with Donald Trump reportedly considering replacing his Defence Secretary, and Telstra explains those my...

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That is a two month high following a rally on Wall Street after the midterm elections.

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B2 · Upper-intermediate

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0:00

Welcome to the Fear and Greed afternoon report for Thursday, the 5th of November, 2026. I'm Michael Thompson and in five minutes we have everything that you need to know right now. Starting with markets this afternoon, the S&P ASX 200 has jumped 2.6% today to close

0:20

at 9065 points. That is a two month high following a rally on Wall Street after the midterm elections. Typically tech stocks have led the gains up more than 10%, zero for instance, soared almost 13%.

0:34

While mining giants BHP and Rio Tinto both gained more than 6%. On the flip side, we had energy stocks tumbling as oil prices plunged. But really there were three key stories today, all of which we will dig into in more detail on tomorrow morning's episode.

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