ASX surges in $80b midterms relief rally as oil slumps; NAB dives, NextDC soars

The Sydney Morning Herald - Nov 5, 2026

The Australian sharemarket soared the most since April as the Democrats’ sweeping US election victory fuelled optimism the Iran war could end soon, sending oil prices plunging.

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Nov 5, 2026

Kuniko strikes again as NSW gold-silver system grows

Kuniko has struck gold-silver mineralisation in all 11 drill holes across two campaigns at its NSW Commonwealth-Silica Hill project ahead of a December resource update.

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ClearVue wins A$700,000 US Govt grant for solar glass tech

ClearVue and US partner Silfab Solar have won a US$500,000 grant from the US Dept of Energy to develop high-efficiency solar spandrel technology for the US market.

Nov 5, 2026

‘Came in to say goodbye’: Shelves stripped bare as luxury brands desert David Jones

David Jones’ owners have appointed administrators, which is expected to trigger an extensive restructure of the company and thousands of job losses.

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The billionaire who’s a winner from David Jones’ collapse

The collapse of David Jones is expected to give its rival Myer a boost, as reflected in the surging Myer share price.

Nov 5, 2026

Right Resources puts 3km NSW tungsten trend in spotlight

Right Resources has uncovered multiple tungsten targets at its Moonlight prospect in NSW, with rock chips returning high grades of up to 0.61 per cent tungsten trioxide and anomalous gold.

Nov 5, 2026

Aftermarket raid: Embattled data centre company NextDC’s shares soar

Major delays to NextDC’s flagship Melbourne facility left it vulnerable to an “opportunistic” raid by two rivals seeking to buy up to 10 per cent of the company.

Nov 5, 2026

This unspoken tradition is stalling our economy. But is it really so bad?

This months-long pause isn’t carved into any legislation, but is an unofficial countrywide practice.

Nov 5, 2026

Aureka lands production licence for historic Vic gold mine

Aureka Ltd has landed a production licence for its Comstock gold project in Victoria, paving the way for a mining restart and a second ore source for its Wedderburn mill.

Nov 5, 2026

Down $60b, and counting: The midterms’ biggest loser isn’t Trump. It’s Elon Musk

The world’s richest man invested heavily to back Republican candidates, much of it in Texas. He wasted his money and now faces obstacles to his artificial intelligence ambitions.

Nov 4, 2026

NAB profit falls to $6.1 billion as recession risk rises; shares slump

The country’s biggest business lender said household savings buffers remained strong, but arrears have deteriorated and economic growth is expected to slow.