The RBA signalled stronger conviction on early 2026 rate cuts following softer wage growth data. US equities paused after strong November run with investors taking profits. AUD/USD rallied to 0.6950 on rate cut expectations supporting carry trades.

CCL gained on defensive characteristics as rate cut cycle approaches. Beverage demand remains stable with emerging market exposure providing growth optionality. At $10.20, the consumer staple provides income with minimal rate sensitivity.

MTS rallied on improved wholesale supply dynamics and retailer demand acceleration. Earnings recovery momentum builds with return to normalcy post-supply constraints. At $2.90, the logistics play offers turning-point opportunity.

GOR climbed on gold price strength and positive operational updates from Gruyere mine. Cost discipline maintains strong margins as production ramps. At $2.15, the gold exposure offers inflation hedge characteristics.

November market shows seasonal slowdown with year-end property transactions deferred. Market psychology turns from buying to holding as interest rate cuts get priced in.

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