FEAR & GREED | Business News Afternoon Report | ASX climbs, NAB slumps
Nov 6, 2025
Markets soared with the ASX fueled by strong performances from miners and other key stocks. Breville, Amcor, and Tabcorp offered intriguing corporate updates. Qantas faces governance scrutiny as its chair considers stepping back from multiple roles. A recent Fair Work ruling has banks rethinking their work-from-home policies. Meanwhile, an investigation unfolds regarding a cargo plane crash in Kentucky, raising concerns over safety. Tune in for quick insights into today's business world!
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Miners And Gold Drive Market Gains
- The ASX 200 rose 0.3% with miners leading gains while gold surged toward $4,000 an ounce.
- Banks were mixed as NAB plunged 3.3% after weaker full-year earnings and James Hardie fell ~13% following index-related selling.
Reassure Investors During Supply Changes
- Companies should proactively reassure investors during uncertain trading or supply shifts to stabilise share prices.
- Breville and Amcor's updates show clear communication and better-than-expected results can lift stock performance.
Chairmanship Overload Under Scrutiny
- Qantas chair John Mullen plans to cut board commitments amid pressure over holding three public chair roles.
- Governance advisors argue three chairmanships is excessive and this could surface at the Qantas AGM.