Loading…
US stocks gave back part of an early rally as tech shares stayed weak, while Brent crude fell 7.6% to about $104.77 per barrel. The Australian sharemarket was set to rise ahead of the RBA decision, with a rate rise widely expected.
The sharp oil drop reflects shifting expectations for an end to the Iran war, which could ease energy costs for feed production and transport. Oil remains highly volatile, so price direction for energy-linked feed inputs is uncertain.
smh.com.auStan ChoeNov 2, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
