Tuesday 27th October 2026
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Phil and NAB's Rodrigo Catril unpack a choppy overnight session marked by major political shifts, geopolitical tension, and resilient tech sentiment. Brazilian markets faced sharp domestic repricing after Luiz Inácio Lula da Silva secured a runoff victory, while geopolitical attention turns to the neck-and-neck Israeli elections. On Wall Street, equities pushed higher—led by a broad-based rally across technology and semiconductors following news of Anthropic's planned public listing—even as investors keep a cautious eye on upcoming earnings from Alphabet, Microsoft, and Amazon alongside the FOMC meeting. In bond markets, French 10-year yields tightened 12 basis points against German Bunds following Moody's decision to hold France's sovereign rating steady, while Brent crude remains elevated above USD$115/bbl amid ongoing Middle East security risks. Closer to home, the Australian dollar held firm above 70 US cents as markets await crucial domestic Q3 CPI figures to gauge whether or not the RBA's rate-hiking cycle is over, or at least delayed.
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