PM 08 Oct 26: Banks and miners weigh on ASX

8 Oct 2026 · 9:32

Episode PM 08 Oct 26: Banks and miners weigh on ASX

0:00 9:32

The Australian share market fell for a second consecutive session as materials and financial stocks led declines. The ASX 200 faced headwinds from weak iron ore sales negotiations with Chinese buyers and banking sector pressure. European debt concerns and US interest rate signals added to market caution. Energy stocks provided support on oil price gains amid geopolitical tensions. Key inflation data arrives next week ahead of late October US policy decisions.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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