Afternoon Report | ASX surges to two-month high
FEAR & GREED | Business News

Afternoon Report | ASX surges to two-month high

B2Upper-intermediateNovember 10, 20265 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, with a broad-based rally across the ASX as Wall Street rebounds and oil prices fall. Michael Thompson looks at the day's biggest movers, including a jump in Qantas shares and sharp falls for Life360 and Superloop. Plus, the ACCC launches a crackdown on misleading Black Friday sales, Donald Trump reveals the FBI is investigating Nvidia boss Jensen Huang's affair with an alleged Chinese spy, and a Qantas flight breaks a world record.<...

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The big story this afternoon, the local share market has closed at a two-month high. It jumped

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contributing to the rally, the boss had a really strong lead in from Wall Street, both the S&P

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0:00

Welcome to the Fear and Greed afternoon report for Tuesday the 10th of November, 2026. I'm Michael Thompson and in five minutes we've got everything you need to know right now. The big story this afternoon, the local share market has closed at a two-month high. It jumped 1.1% today to 9129.9% of the 11 sectors finished higher today. There are a few things

0:24

contributing to the rally, the boss had a really strong lead in from Wall Street, both the S&P 500 and the NASDAQ, the tech heavy NASDAQ, they were both up more than 2% overnight. Also helping in a big way, the price of oil dropped to a 10 week low after President Donald Trump suggested that further attacks on Iran were highly unlikely, crude fell below

0:48

92 US dollars a barrel. The rally on the ASX then today was pretty broad based really. 165 of the top 200 stocks gained ground. Industrial stocks and property companies led the way. Goodman Group and Data Center Company next DC were both up around 3%. We've talked a bit about the former's raid on the latter's shares over the past week. David Jones Landlord's Center Group

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