Market Close 04 Dec 25: Miners crack fresh record high

The Aussie market scraped out a third straight day of gains, but only just, with materials once again doing all the heavy lifting as copper hit another record and pushed BHP, Rio Tinto and South32 higher. A stronger than expected jump in October spending kept rate chatter alive, knocking property trusts and retailers lower as markets briefly toyed with the chance of an extra hike next year. Energy edged higher on firmer oil, BetMakers popped on a new wagering deal, Nuix announced an AI-powered acquisition, while both Regis Resources and Regis Healthcare stocks finished weaker and Vulcan Energy slid after a major capital raise. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.