Market update: 28 October 2025
The Australian share market continued its upward momentum this week, with the ASX 200 closing 0.3% higher. Energy stocks were the standout performers, thanks to a jump in oil prices after the US announced new sanctions on Russia’s two biggest oil companies. Locally listed names like Beach, Karoon and Woodside all posted double-digit gains. Also supporting sentiment was a new minerals agreement between Australia and the US, aimed at reducing reliance on China for critical rare earths. Eight of the eleven major sectors ended in the green.
In the US, markets pushed to fresh all-time highs, with the S&P 500 notching its 34th record of the year. A softer-than-expected inflation report helped ease concerns around interest rates, with headline CPI for September coming in at 3.0%, slightly below expectations. This, combined with stronger early signs of business activity in October, gave investors renewed confidence. However, manufacturing sentiment remains cautious, dipping to its second-lowest level since June 2024. The new minerals pact with Australia also made headlines, as both countries committed US$1 billion each toward rare earths projects.
European markets rallied as well, with positive Q3 earnings surprises lifting sentiment across the region. The FTSE led the way, up more than 3%, while inflation in the UK held steady for a third straight month. In Greater China, markets also ended solidly higher despite continued signs of weak consumer demand. Tech stocks carried much of the gains, though broader economic concerns remain, particularly around housing and deflation. Beijing is increasingly focused on encouraging spending to lift growth.
Japan’s market jumped this week, buoyed by political change. The Nikkei rose 3.6% as investors welcomed Sanae Takaichi, Japan’s first female prime minister. Her clear focus on the economy and support for proactive fiscal policy was well received, with expectations that it may support the market in the months ahead.
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This information 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 conduct your own review or consult a financial advisor before making a decision to invest. Please read the relevant Product Disclosure Statement and any associated reference documents before making an investment decision. In accordance with the Design and Distribution 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.
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.
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.
