Wall Street retreats as hot inflation raises odds of a December rate hike; ASX slips as CBA profit rises

Summary

Wall Street retreated as higher-than-expected inflation looked to have cemented a December rate hike. The ASX was in the red, while Commonwealth Bank shares rose on a higher quarterly profit, even as late home loan payments edged up. ABC's live markets blog followed the day's events and insights from its business reporters.

Timeline

1. ABC

   10 Nov 2026, 20:11 UTCSource ↗

   ABC reports that the ASX is in the red while Commonwealth Bank shares rise on higher quarterly profit, that late home loan payments edge up, and that Wall Street hit the brakes as higher-than-expected inflation looks to have cemented a December rate hike.