ASX 200 gains 0.19% on the week as financials offset weaker miners and small caps
According to smallcaps.com.au, the ASX 200 added 0.19% over the week on financial stocks, while the Small Ordinaries index lost 1.24% amid mining weakness.
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what happened
The S&P/ASX 200 rose 0.19% over the week and closed at 9,082.2, supported by financial companies that offset weakness in materials, according to smallcaps.com.au. The broader All Ordinaries slipped 0.01%, while the S&P/ASX Small Ordinaries dropped 1.24% and lagged the large caps. Market breadth weakened as well: on Friday, 338 traded stocks advanced and 630 declined.
Gold fell 5.18% over the week to US$3,903.70 an ounce, and copper lost 3.29% to US$6.16 a pound. Brent crude closed Friday at US$95.77 a barrel. The Australian dollar slid 3.02% to US$0.6796, and the 10-year government bond yield stood at 5.04%.
why it matters
Several signals are pulling markets in different directions. Firmer expectations for Federal Reserve rate hikes after hotter US inflation are weighing on equities and bonds, while commodity prices are mixed. Strong financials are holding the index up, but weak mining stocks are dragging on smaller companies. Attention in the coming weeks turns to US producer price data and the minutes of the Reserve Bank of Australia's November board meeting.
market impact
Australian equities and metals: weaker gold and copper pressure miners, while financials support the index
tags
instruments
sources
- Weekly Wrap: Financials Cushion ASX As Small Caps And Miners Fall — smallcaps.com.au, 13 November 2026 at 10:01 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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