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Live: Wall Street retreats as hot inflation shortens odds of a rate hike, ASX set to slide

Read the original at ABC News (AU) ↗
Cite

Letts, S. (2026, November 10). Live: Wall Street retreats as hot inflation shortens odds of a rate hike, ASX set to slide. ABC News (AU). https://www.abc.net.au/news/2026-11-11/asx-markets-business-live-news-nov-11/107370848

Dated from the outlet's own feed. Check the original for its byline.

ABC News (AU) · collected 2026-11-10 · by Stephen Letts

Quick Summary

The article reports on Wall Street's retreat due to higher-than-expected inflation, which has increased expectations for an interest rate hike by the Fed in December. Futures trading indicates that the ASX is set to open 0.5% lower after gaining 1.1% the previous day. The piece provides a live market update with snapshots of various financial indicators including stock indices, currency rates, and commodity prices as of around 7:00am AEDT.
Written by AI on 2026-11-10, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

The Australian sharemarket is set to decline on Wednesday, following a report showing higher-than-expected inflation in the United States. ASX futures indicate a fall of about 0.5% at the open, reversing some of Tuesday's gains. In the US, stocks fell as the S&P 500 dropped by 0.8%, while the Dow Jones Industrial Average lost 291 points or 0.6%. The Nasdaq composite also declined by 1.3%. Higher inflation pressures may lead the Federal Reserve to increase interest rates further in December, impacting global markets and making borrowing more expensive.

Written for “Wall Street Slumps On Inflation Report” on 2026-11-11, grounded in this article and the 1 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political question, so it has no leaning score. That is an answer rather than a gap: a match report or a rescue can be warmly or critically written without being left or right, and scoring it anyway is how approval of a subject gets recorded as a political position.
No political leaning scored for article 142795 · logged 2026-11-10

Story

Wall Street Slumps On Inflation Report
Economy/Business · 2 article(s) covering the same event. See how they differ ↓

Compared with similar articles

This article reads unscored and hedges 0% of its claims. Each row says how that neighbour differs.
ASX set to fall as Wall Street slumps on inflation report; Anthropic targets $2 trillion valuation Same event
The Sydney Morning Herald
Hedges 6 of 39 claims Outlet record 61/100
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
9
sentences that state something as happening or true
Uncertain
0%
0 of 9 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
67/100
ABC News (AU)'s corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-10 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

ABC News (AU) · 5303 article(s) · 11 correction(s) detected
Running correction rate · 11 correction(s)
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Who wrote this

Stephen Letts
10 article(s) here · 1 carrying a prediction
The ASX is set to surrender a large part of yesterday's gains with futures trading pointing to a 0.5 per cent fall on opening.
2026-11-10 · assertive framing · Live: Wall Street retreats as hot inflation shortens odds of a rate hike, ASX set to slide
New: Filters Choose what information you see below by using filters Key Event Wall Street tumbles on mounting AI fears, ASX on edge Wall Street closed the week, maybe not in a blind panic, but there was certainly a disquieting dumping of stocks as investors fled to the exits and the weekend. All three key indices fell sharply, the tech-centric Nasdaq fell the hardest and is down almost 8% from its record high of just three weeks ago. - S&P 500: 1.8% - Dow: -1.1% - Nasdaq: 2.9% The dump saw the global MSCI down 1.5% for the day, while the pan-continental Eurostoxx 600 fell a comparatively modest 0.4%.
2026-11-01 · assertive framing · Live: Wall Street sinks on AI fears, ASX on edge ahead of RBA meeting
Wall Street retreats as oil prices continue to rise, ASX set to slip Oil prices jumped 3 per cent to $US120/barrel, a level not seen since early in the US/Iran war. That has seen risk assets like shares put under pressure, with key US indices all falling on Friday and the ASX set to follow today.
2026-10-25 · assertive framing · Live: Wall Street retreats as oil prices continue to rise, ASX set to slip
ASX set to edge lower as oil keeps rising after Wall St slides on AI anxiety
2026-10-18 · assertive framing · Live: ASX set to edge lower as oil keeps rising after Wall St slides on AI anxiety
ASX set to rise after strong sessions on Wall Street and Europe Wall Street's key indices closed the week higher in expectation of another strong results season ahead.
2026-10-11 · assertive framing · Live: ASX set to rise after strong sessions on Wall Street and Europe
live Markets live updates: Wall Street closes higher after disappointing jobs report, ASX set to gain
2026-10-04 · assertive framing · Live: Wall Street closes higher after disappointing jobs report, ASX set to gain
ASX set to open higher, Wall Street flat as oil continues slide
2026-09-22 · assertive framing · Live: ASX set to open higher, Wall Street flat as oil continues slide
ASX set to slide despite Wall Street edging up and lower oil prices Considering the volatility of the week, Wall Street's Friday session was relatively uneventful, with a rally in semiconductor stocks dragging the market to a marginal gain.
2026-09-20 · assertive framing · Live: ASX set to slide despite Wall Street edging up and lower oil prices
Futures traders on the ASX have struggled to make sense of the impact, with the market poised to open flat this morning, and a meeting of Baltha creditors today could decide the fate of the construction firm that has collapsed, owing $3.4 billion.
2026-09-06 · assertive framing · Live: Wall Street slips as bond yields rise, ASX treading water
Also by Stephen Letts
Live: Wall Street sinks on AI fears, ASX on edge ahead of RBA meeting
2026-11-01 · ABC News (AU)
Live: Wall Street retreats as oil prices continue to rise, ASX set to slip
2026-10-25 · ABC News (AU)
Live: ASX set to edge lower as oil keeps rising after Wall St slides on AI anxiety
2026-10-18 · ABC News (AU)
Live: ASX set to rise after strong sessions on Wall Street and Europe
2026-10-11 · ABC News (AU)
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 10 articles by Stephen Letts →

Topics

ABC Australia Australian Fed Nasdaq

Subjects

ABC ORG · 2× Fed ORG · 2× Australia GPE · 1× Australian NORP · 1× Nasdaq ORG · 1× Stephen Letts PERSON · 1×

Narrative

Copper: +0.9% to $US13,888/tonne - Bitcoin: -2.2% $US73,273 - 10-year bonds: US 4.99% Australia 5.01% Prices current at around 7:00am AEDT New: Filters Choose what information you see below by using filters Good morning Good morning and welcome to another day on the ABC markets and finance blog.
framing: assertive · carried by 1 article(s) · first seen 2026-11-10
The ASX is set to surrender a large part of yesterday's gains with futures trading pointing to a 0.5 per cent fall on opening.
2026-11-10 · ABC News (AU)
Live: Wall Street retreats as hot inflation shortens odds of a rate hike, ASX set to slide · assertive framing

Claims (9 extracted, 0 hedged)

Wall Street retreats as hot inflation shortens odds of a rate hike Wall Street retreated overnight as higher-than-expected inflation virtually cemented the likelihood of the Fed raising raising interest rates again next month. asserted
Fed → retreat → rates
The ASX is set to surrender a large part of yesterday's gains with futures trading pointing to a 0.5 per cent fall on opening. asserted
trading → set → opening
Disclaimer: this blog is not intended as investment advice. Submit a comment or question Live updates Market snapshot - ASX 200 futures: -0.5% to 9,036 points - ASX 200 (Tuesday): +1.1% to 9,129 points - Australian dollar: -0.9% 68.63 US cents - asserted
blog → intend → points
Copper: +0.9% to $US13,888/tonne - Bitcoin: -2.2% $US73,273 - 10-year bonds: US 4.99% Australia 5.01% Prices current at around 7:00am AEDT New: Filters Choose what information you see below by using filters Good morning Good morning and welcome to another day on the ABC markets and finance blog. asserted
you → choose → blog
Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice. asserted
none → limber → advice
Wall Street retreated overnight as hotter than expected inflation shortened the odds of the Fed raising rates in December. asserted
Fed → retreat → December
The ASX looks like giving up a large chunk of yesterday's gains. asserted
ASX → look → gains
Futures trading is pointing to a 0.5% fall on opening (at 7:00am AEDT). asserted
trading → point → AEDT
The game's afoot, so let's get blogging. asserted
's → let → ?
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