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Markets · 21 Oct 2026

Nasdaq leads Wall Street higher after SpaceX-linked boost

The Nasdaq closed ahead of other US indices after a market lift tied to SpaceX developments, helping push Wall Street to a firmer finish. Australian investors with exposure to US technology and aerospace names will be watching for follow-through as global sentiment shifts.

Markets · 21 Oct 2026

France risks a fiscal ‘doom loop’ as bond yields spike and politics frays

France is confronting rising borrowing costs, deep political uncertainty and street unrest that together threaten a self‑reinforcing fiscal crisis. With government debt near 120% of GDP and interest payments set to exceed €90 billion next year, investors and voters are pulling in opposite directions, leaving centrist leaders squeezed ahead of a crucial presidential vote.

ASX · 21 Oct 2026

ASX steadies after RBA warnings; NextDC collapses and banks lead gains

The ASX finished marginally higher after a volatile session, buoyed by bank strength but hit by a sharp sell-off in data centre operator NextDC. RBA deputy governor warnings about a worsening inflation outlook pushed traders to price a higher chance of a November rate move, lifting expectations of earlier further hikes.

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