01/11/2026
AI cash burn hit Wall Street this week, and inflation put the RBA on notice.
The Nasdaq fell 2.9% on Friday, its worst day since June, after Alphabet dropped 12.6% on negative cash flow and Intel fell 28.6% on a weak outlook. Gold fell to about US$3,876, its lowest level since October 2025, while Brent crude settled at US$117.64.
The ASX 200 finished at 8,908.1, up 1.3%. Mesoblast rose 27.3% while Elsight fell 35.8%.
At home, September quarter inflation came in at 4.3% and the RBA meets on Tuesday, with markets pricing a hike at roughly 86%. If you hold floating rate credit, that is a tailwind for income. If you hold leveraged property, it is a cost.
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General information only. Not personal financial advice. Past performance is not a reliable indicator of future performance.