FEAR & GREED | Business News Afternoon Report | ASX up nearly 2pc
5 snips
Feb 9, 2026 Markets jump almost 2 percent with tech, data centres and gold leading the charge. Quarterly reports from smaller companies stir trading moves. A shocking Newspoll shows major shifts in party support. NBN fibre rollout pushed out to 2040, making it a decades‑long project. A UK political resignation tied to Epstein connections makes international headlines.
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Market Rebound Led By Tech And Commodities
- The S&P/ASX 200 surged 1.9% to 8,870, its biggest one-day rise since last April after a recent sell-off.
- Tech, data centres and gold miners led gains driven by AI investment optimism and rising commodity prices.
AI Optimism Boosts Data Centres And Miners
- Commonwealth Bank comments positioned Australia as a top AI investment destination, lifting data-centre and tech stocks.
- Rising gold prices above $5,000 supported miners like Newmont and boosted major miners such as BHP.
Mixed Earnings From Smaller Companies
- Several smaller companies reported December half results with mixed reactions across sectors.
- Examples included Online Jobs Board's $365m impairment and Car Group's 16% profit rise to $143m.