ASX today, ASX futures down 0.5%, US CPI up 0.4%

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Samso Market Update | Wednesday, 11 November 2026 | Pre-market 9:45am AEDT

On the ASX today, S&P/ASX 200 futures were down 0.5% at 9,036 at around 7:00am AEDT, the ABC reported. ASX 200 futures, also called SPI futures, are contracts on the ASX 200 that settle against the index on a set later date. The 0.5% fall is measured on the futures contract, not against Tuesday's index close of 9,129.0, because futures price that later date. It is an indication of the open, not a forecast. The Australian dollar was buying 68.69 US cents at 8:13am AEDT (Yahoo Finance data). US consumer prices rose 0.4% in October from September, above the 0.3% economists expected, and interest rate markets now fully price a US Federal Reserve rate rise at its December meeting, the ABC reported. The S&P 500 fell 0.38% on Tuesday (Yahoo Finance data).

The S&P/ASX 200 closed on Tuesday at 9,129.0, up 99.3 points or 1.10%. The All Ordinaries, which tracks the 500 largest listed companies, rose 1.14% to 9,267.8. The S&P/ASX Small Ordinaries, an index of the companies ranked 101 to 300 by size, rose 2.29% to 3,305.0 (Yahoo Finance data).

ASX today: Key Highlights

ASX 200 futures were down 0.5% at 9,036 at around 7:00am AEDT, the ABC reported.
The S&P/ASX 200 rose 1.10% on Tuesday, and Asian markets rose before the US inflation figures, with South Korea's Kospi up 4.39% and Japan's Nikkei 225 up 2.87%.
US consumer prices rose 0.4% in October from September, against 0.3% expected, and interest rate markets now fully price a December Federal Reserve rate rise, the ABC reported.
The US 10-year Treasury yield rose 11.9 basis points to 4.983% late in the New York session (Yahoo Finance data).
Nvidia fell 5.47% and the Nasdaq Composite 0.74% (Yahoo Finance data).
Commonwealth Bank (ASX: CBA) reported unaudited cash profit of about A$2.8 billion for the September quarter, up 8% on the same quarter a year earlier.

Wall Street overnight

The Dow Jones Industrial Average fell 0.30%, or 158 points, on Tuesday to 52,231.89. The S&P 500 fell 0.38% to 7,520.93 and the Nasdaq Composite fell 0.74% to 25,065.88. The Russell 2000, an index of smaller US companies, fell 0.68% to 2,821.38 (Yahoo Finance data). On Monday the S&P 500 had risen 2.35%.

The US consumer price index rose 0.4% in October from September, after a 0.6% rise in September, the US Bureau of Labor Statistics said. Prices excluding food and energy, which economists watch for the underlying trend, rose 0.3%, as they did in September and August. The bureau did not publish an annual inflation rate for October because it did not collect survey data in October 2025 during a lapse in US government funding. It was the third month in a row of rises of 0.4% or more, the ABC reported.

Federal Reserve Governor Christopher Waller said the Fed should raise interest rates by at least 25 basis points next month even if inflation had cooled in October, Reuters reported before the US market opened. A basis point is one hundredth of a percentage point. If price pressures picked up, Waller said, policymakers should consider a half-percentage-point rise.

The US 10-year Treasury yield was 4.983% at 2:59pm New York time, up 11.9 basis points from 4.864% on Monday (Yahoo Finance data). A Treasury is US government debt. The yield is the yearly return from buying that debt at today's price and holding it until it is repaid. When yields rise, bond prices fall.

Nvidia fell 5.47% to US$168.89 and is down 9.51% over Monday and Tuesday (Yahoo Finance data). The ABC said Nvidia's shares reflected "mounting concerns" over chief executive Jensen Huang's future at the company. Nvidia's board said on 8 November that it had begun an independent investigation in light of recent reporting that Huang has been the target of a foreign intelligence effort. The board said it has "no reason to believe" that national security or Nvidia secrets were compromised. The Philadelphia Semiconductor Index, which tracks chip makers' shares, fell 0.35% to 9,998.33, and AMD rose 1.30% to US$515.21 (Yahoo Finance data).

In US dollar terms, the US-listed shares of BHP Group (ASX: BHP) fell 2.10%, and those of Rio Tinto plc, the London-listed arm of Rio Tinto (ASX: RIO), fell 2.14% (Yahoo Finance data).

Japan and Asia

The Nikkei 225 closed on Tuesday at 60,459.58, up 2.87% from Monday's close (Samso's arithmetic on Yahoo Finance data). Chip stocks led the rise, Trading Economics reported. South Korea's Kospi rose 4.39% to 5,239.13, Trading Economics reported. Hong Kong's Hang Seng rose about 0.4% and the Shanghai Composite rose 0.08% to 3,663.72 (Samso's arithmetic on Yahoo Finance data). These markets closed before the US inflation figures came out.

London and Europe

London's FTSE 100 fell 0.29% on Tuesday to 10,751.59. Germany's DAX rose 0.31% and France's CAC 40 rose 0.55% (Yahoo Finance data). Energy and mining shares weighed on the FTSE, Trading Economics reported.

Currencies

The Australian dollar was at 68.69 US cents at 8:13am AEDT, down 0.85% from 69.28 US cents at about 4:30pm AEDT on Tuesday (Yahoo Finance data). The US dollar was buying 158.76 yen. The US dollar index, which measures the US dollar against a basket of six major currencies, was at 102.26 late on Tuesday, New York time, up 0.60% from Monday's close of 101.65 (Yahoo Finance data).

Commodities

The futures prices below were taken in trading after Tuesday's settlement. Settlement is the exchange's official end-of-day price. Each price is compared with Monday's final price for the same contract month (Yahoo Finance data).

December gold futures were at US$4,038.10 an ounce, 1.86% below Monday's US$4,114.50. December silver futures were at US$51.48 an ounce, 2.06% below Monday's US$52.56. The gold price fell after the US inflation figures and hawkish remarks from Waller, Trading Economics reported. Hawkish means leaning towards higher interest rates.

December copper futures in New York were at US$6.269 a pound, 0.94% below Monday's US$6.329.

January Brent crude futures, the international oil benchmark, were at US$91.84 a barrel, down 0.79% from Monday's US$92.57. December West Texas Intermediate, the US benchmark, was at US$86.25, down 0.69% from US$86.85. Brent fell to its lowest level since late August, Trading Economics reported.

Australian company news

Commonwealth Bank (ASX: CBA) released its trading update for the September quarter at 7:30am AEDT. Unaudited cash net profit after tax was about A$2.8 billion, flat on the average of the two quarters in the second half of the 2026 financial year (FY26, the year to 30 June 2026) and up 8% on the September quarter a year earlier. Cash profit is the bank's measure, which leaves out some accounting items. The year-earlier quarter included costs from settling a New Zealand class action, the bank said. Against the average of the two second-half quarters, operating income rose 3% on lending and deposit growth, partly offset by lower markets trading income, and operating expenses rose 3%.

Loan impairment expense, the charge against profit for loans that may not be repaid, was A$300 million, or 11 basis points of average loans on an annualised basis. Home loan arrears of 90 days or more rose 7 basis points in the quarter. The bank said this reflected cost-of-living pressures from higher inflation and interest rates, and that the rate was also affected by slower resolution after earlier pauses in late-stage collections. Personal loan arrears improved 6 basis points and credit card arrears were flat. The common equity tier 1 ratio, the main measure of a bank's capital strength, was 11.5%, against the regulator's minimum of 10.25%. Chief executive Matt Comyn said "economic growth is slowing" but the Australian economy "remains resilient".

Insurance Australia Group (ASX: IAG) said on Tuesday evening that it disagrees with the Australian Competition and Consumer Commission's preliminary view of its proposed alliance with the Royal Automobile Club of Western Australia. The insurer will respond by 1 December 2026, and a decision from the regulator is expected by 1 February 2027.

Regis Resources (ASX: RRL) reported a fatal incident at its Duketon South operations on Monday. On Tuesday evening the gold miner said WorkSafe had handed back the incident site at Rosemont and that operations had resumed at the Rosemont process plant.

Vault Minerals (ASX: VAU) shareholders vote today on the proposed acquisition of all Vault shares by Genesis Minerals (ASX: GMD), at a meeting that starts at 9:30am AWST, 12:30pm AEDT, Vault said in a release at 8:16am AEDT. The deal is a scheme of arrangement, a court-approved process that needs shareholder approval. Vault will announce the voting results shortly after the meeting.

Three companies lodged market-sensitive releases between 8:21am and 8:22am AEDT. Flight Centre Travel Group (ASX: FLT) lodged "AGM Presentation (inc trading update & guidance)" and "Chair & MD's AGM Speeches (inc trading update & guidance)". PEXA Group (ASX: PXA) lodged "PEXA 1QFY27 Trading Update". Chalice Mining (ASX: CHN) lodged "Gonneville Project advances with pilot plant underway". Samso has not reviewed the content of these releases.

Two more market-sensitive releases followed. New Hope Corporation (ASX: NHC) lodged "New Hope proposes making an offer of Hybrid Securities" at 8:29am AEDT, and Adairs (ASX: ADH) lodged "Trading Update" at 8:49am AEDT. Samso has not reviewed their content.

Diary

All times AEDT.

Today, 11:30am. Australian Bureau of Statistics lending indicators for the September quarter, which count new loans.
Today, 12:30pm. Vault Minerals (ASX: VAU) scheme meeting on the proposed Genesis Minerals acquisition.
Thursday, 10:00am. GrainCorp (ASX: GNC) briefing on its FY26 results.
Thursday, 10:30am. Reserve Bank board member Marnie Baker is scheduled to speak, the Trading Economics calendar shows.
Thursday, 11:00am. Consumer inflation expectations for November.
Thursday, 12:00pm. Capability X (ASX: CX8) begins trading on the ASX after raising A$12 million at A$0.20 a share.

Samso Concluding Comments

US consumer prices rose faster than expected in October, US bond yields rose and Wall Street fell, the ABC reported. Fed Governor Waller had called for a December rate rise, Reuters reported. Samso will watch the banks after Commonwealth Bank's quarterly update, the miners after BHP and Rio Tinto fell in New York, and gold miners after the fall in gold. The September quarter lending figures are due at 11:30am.

Tuesday's update is at ASX today, Monadelphous up 15.30%, Life360 down 15.32%, and Monday's is at ASX today, Ventia down 16.23%, Paladin up 10.86%.

General information only. This is not financial advice.