Market Update: 10 November 2026
Australian shares enjoyed a strong week, with the ASX 200 rising 1.3% and outperforming major global markets. Gains in technology, consumer and property shares helped lift the market, while lower oil prices weighed on energy stocks. The Reserve Bank of Australia raised interest rates for the fifth time to an 18-year high of 4.85%, but its less aggressive outlook for future increases provided some reassurance to investors. Australia’s relatively low exposure to AI-related stocks also helped shield the market from some of the volatility seen overseas.
In the United States, major share markets finished a volatile week lower as investors reacted to the midterm elections and renewed concerns about the technology sector. Democrats gained control of both chambers of Congress, raising expectations of greater oversight of artificial intelligence. Disappointing forecasts from semiconductor companies also weighed on markets, although stronger-than-expected employment figures for October highlighted the continued resilience of the US economy.
Technology stocks remained a key focus globally, with investors taking a closer look at the significant spending required to develop AI infrastructure and whether these investments will deliver strong returns over time. This led to some weakness in semiconductor and AI-related shares, while markets with less exposure to the sector generally held up better. Despite the recent fluctuations, AI continues to be an important area of innovation, with investors becoming more selective about future growth opportunities.
Global oil prices eased as renewed diplomatic efforts reduced concerns about a near-term escalation of tensions with Iran. Lower energy prices helped ease some inflation worries, providing support for bond markets and businesses that benefit from stronger consumer spending. While uncertainty remains, easing oil prices and signs of economic resilience offered some encouraging developments for investors navigating the changing global market environment.
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This blog has been issued by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) as Responsible Entity of the Raiz Invest Australia Fund (ARSN 607 533 022) and has been prepared without taking into account your objectives, financial situation or needs. Before acting on such information, you should
This blog has been issued by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) as Responsible Entity of the Raiz Invest Australia Fund (ARSN 607 533 022).
Raiz Invest Australia Limited (ABN 26 604 402 815) (Corporate Authorised Representative of Instreet Investment Limited ABN 44 128 813 016, AFSL 434776) is the promoter of Raiz Invest Super, a Division of AMG Super. The Product Disclosure Statement (PDS), Member Guide and Target Market Determination (TMD) are issued by Equity Trustees Superannuation Limited (AFSL 229757, RSE Licence No L0001458) as Trustee of AMG Super.
The information has been prepared without taking into account your objectives, financial situation or needs. Before acting on such information, you should conduct your own review or consult a financial advisor before making a decision to invest. Please read the relevant PDS and any associated reference documents before making an investment decision. In accordance with the Design and Distributions Obligations, we maintain TMDs for our Funds. All documents can be found on the Raiz website www.raizinvest.com.au, or calling the Customer Support team on 1300 754 748. Please note that past performance is not a reliable indicator or guarantee of future performance. Historical returns, forecasts, and market commentary are provided for general informational purposes only. All investment carries risk and may result in loss of capital.