FEAR & GREED | Business News Afternoon Report | CBA tumble drags ASX lower
Nov 11, 2025
Commonwealth Bank's 6.6% plunge drags down the ASX, raising concerns over costs. The podcast reflects on the 50th anniversary of the Whitlam dismissal, framing it as a calculated plot. Nationwide Remembrance Day events are observed, with heartfelt ceremonies across major cities. Near-miss incidents at Melbourne Airport highlight safety concerns, while the Senate clears a deal to prevent a US government shutdown, addressing back pay for furloughed workers. Tech and regional bank performance also capture attention in today's market highlights.
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Market Breadth Was Positive Without CBA
- Many ASX sectors were actually in the green, showing market breadth beyond the CBA weakness.
- Gold miners and lithium stocks notably benefited from rising gold and US reopening optimism.
Profit Didn't Prevent A Sell-Off
- Investors punished CBA over concerns about rising costs and a weaker net interest margin despite a $2.6 billion quarterly cash profit.
- The sell-off highlights sensitivity to margin and cost signals even when profits remain large.
Big Bank Dragged Markets Down
- Commonwealth Bank's 6.6% drop erased broader ASX gains despite a generally positive market backdrop.
- Other sectors like gold miners and lithium stocks recorded strong gains driven by US optimism and higher gold prices.