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ASX 200 futures hold at 8,825 as Anthropic's IPO filing lifts US chips 2.82%; Brent eases 1.29%

TSLA.US +5.21% on a Barclays upgrade; Brazil ETF -19.82% after Lula wins; gold +0.58% to US$4,031; BHP.US implies A$56.37

Neutral3 min readBy Swingfolio Research

At a glance

ASX 2008,810+0.17%
S&P 5007,677+0.70%
NASDAQ26,169+0.82%
Dow52,362+0.28%
VIX18.39-5.45%
Gold4,031+0.58%
Brent115.22-1.29%
AUD/USD0.7019-0.27%
SPI_F8,825-0.02%

ASX 200 futures hold at 8,825 as Anthropic's IPO filing lifts US chips 2.82%; Brent eases 1.29%

Sentiment: neutral ASX 200 futures: -0.02% (8,825, down 2 points)

ASX 200 futures slipped 2 points to 8,825 by 7:40am AEDT on 27 October 2026 (Capital Brief), after the Nasdaq rose 0.82% to 26,169.38 on Monday as Anthropic's IPO filing sent the Philadelphia semiconductor index up 2.82%. TSLA.US gained 5.21% to US$391.62 after Barclays upgraded it to Overweight, while the iShares MSCI Brazil ETF fell 19.82% after Lula won Sunday's presidential runoff. December Brent eased 1.29% to US$115.22 and AUD/USD fell 0.27% to 0.7019, a day before Australia's September CPI.

Overnight drivers

  • Philadelphia semiconductor index +2.82% to 11,083.47: Anthropic's S-1 showed US$16.3bn of revenue in the six months to June, against US$4.6bn for all of 2025 (Yahoo Finance). NVDA.US rose 2.39% and MU.US 2.98%. ASX tech closed at 1,616.9 on Monday, with WTC.AU at $40.70 and XRO.AU at $64.97.
  • December Brent -1.29% to US$115.22: December WTI fell 1.96% to US$101.25 and WDS.US 1.39% to US$23.33, which converts to A$33.24, 0.45% above WDS.AU's $33.09 close. The ASX energy index rose 0.92% on Monday.
  • AUD/USD -0.27% to 0.7019: the Brazilian real lost more than 10% on the election result (Benzinga), and the US dollar index rose 0.19% to 102.00. RMD.US eased 0.13% to US$253.20, which converts to A$36.08 per RMD.AU share, 0.67% above its $35.84 close.
  • December gold +0.58% to US$4,031: spot gold rose 0.50% to US$4,013/oz (Capital Brief). NEM.US gained 1.40%, after the All Ords Gold index rose 2.93% on Monday.

Overnight Wall Street

  • S&P 500: 7,676.77 (+0.70%)
  • Nasdaq: 26,169.38 (+0.82%)
  • Dow: 52,361.58 (+0.28%)
  • VIX: 18.39 (-5.45%)

The S&P 500 rose 53.09 points to 7,676.77 on 26 October 2026, after two straight weekly losses for the S&P 500 and Nasdaq (Yahoo Finance). Anthropic agreed to spend up to US$120.5bn with SpaceX on computing capacity running into 2029, which gives it access to Nvidia GPUs, according to the filing. Lumentum rose 8.19% after StoneX started coverage, while Apple fell 1.10% and Meta 1.88%.

RRC.US jumped 17.66% on an all-stock merger with gas producer EQT worth about US$50bn (Benzinga). Fair Isaac lost 13.15% after holding its mortgage score price at US$10. The US 10-year yield was flat at 4.99% and the Russell 2000 rose 0.38% to 2,786.42.

Commodities and FX (AU-relevant)

  • Gold: US$4,031/oz (+0.58%, December contract)
  • Brent: US$115.22 (-1.29%, December contract)
  • Iron ore 62%: US$90.78/t (-0.06%, Stockhead)
  • AUD/USD: 0.7019 (-0.27%)

December gold at US$4,031 converts to about A$5,743/oz at 0.7019, and NST.AU closed Monday at $24.83, EVN.AU at $11.57 and CMM.AU at $12.84. December copper rose 0.57% to US$6.5445/lb and BHP.US 1.64% to US$79.13, which implies A$56.37 for BHP.AU, 1.35% above its $55.62 close. Lithium carbonate rose 1.37% to US$14,697/t (Stockhead).

Key themes for the ASX open

  • Tech: SOX +2.82% and NVDA.US +2.39% follow Monday's 1.03% rise in ASX tech; NXT.AU fell 1.25% to $5.54 on Monday.
  • Miners: BHP.US implies A$56.37, 1.35% above BHP.AU's close, after the materials index gained 1.71% on Monday and FMG.AU rose 2.17% to $14.58.
  • Energy: WDS.US implies a 0.45% premium to WDS.AU with Brent at US$115.22; STO.AU closed Monday at $9.17.
  • Banks: the S&P 500 financials ETF rose 0.21% after ASX financials fell 0.52% on Monday, with CBA.AU at $163.20 and NAB.AU at $41.00.
  • CSL: CSL.AU holds its AGM today (Stockhead), a day after it named Gordon Naylor to succeed retiring chair Brian McNamee; the stock closed Monday at $195.14, down 0.79%.

Economic calendar today

  • Today: no AU data release (Stockhead); CSL.AU AGM
  • 28 October, 11:30 AEDT: Australia September CPI; ABC cited consensus of 1.3% for the quarter and 3.9% for the year
  • 29 October, 05:00 AEDT: FOMC decision; CME FedWatch prices a 12.7% chance of a hike (Capital Brief)
  • 28 October, after the US close: MSFT.US and GOOGL.US results

What to watch

  • 8,825 on futures sits 15.1 points above Monday's ASX 200 close of 8,809.9; Stockhead had futures 0.2% lower at 7am.
  • Markets priced a 61% chance of an RBA rate rise on 3 November as of Monday (ABC), so Wednesday's CPI print lands with the meeting a week away.
  • ASX 200 VIX closed at 11.21 on Monday, up 0.97%, while the US VIX fell 5.45% to 18.39.

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Disclaimer

This briefing provides market observations and general information only. It is not personal financial advice and does not take into account your objectives, situation or needs. Past performance is not a reliable indicator of future performance. Consider seeking independent advice before acting on any information presented here.

Prices and market data sourced from EODHD and Yahoo Finance and may be delayed. Swingfolio does not hold an AFS licence and does not provide personal advice. Editorial standards and methodology →