FEAR & GREED | Business News Afternoon Report | ASX higher on NAB result
Feb 18, 2026
Markets climb as the ASX benefits from a strong bank result and an AI-fueled tech surge. Wage data show nominal pay rising but falling behind inflation. A controversial politician issues a partial apology that sparks debate. Health insurance premiums are set to increase. Corporate earnings and job cuts make headlines alongside the passing of a major civil rights figure.
AI Snips
Chapters
Transcript
Episode notes
Markets Up But Real Wages Slip
- The S&P/ASX 200 rose 0.5% and closed above 9,000 points, led by technology and NAB gains.
- Real wages fell as nominal wages (+3.4%) lagged inflation, signaling cost-of-living pressure for households.
AI Upgrades Propel Tech One Rally
- Technology One surged over 8% after raising full-year guidance fueled by AI product upgrades.
- AI-driven product improvements are materially influencing tech sector valuations.
NAB Delivers Standout Bank Result
- NAB jumped 4% after reporting cash earnings well ahead of expectations driven by home and business lending.
- Other big banks were mixed, so NAB's result was the clear outperformer in the sector.