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“I would just say, looking ahead, we continue to have a massive opportunity since we're only about 7% of the addressable market, in terms of consumer spending and only about 10% of time spent on TV in our biggest market. So enormous room for profitable growth in the core business and this is a very exciting time in terms of a lot of innovation, a lot of competition, but that's been true for the last 25 years.”
Zircon Exports & Tiles
"Global ceramic tile production and consumption has continued to decline in 2025, with China leading the contraction due to persistent weakness in its real estate sector and oversupply in the domestic tile industry. Despite falling prices and widespread losses among Chinese manufacturers, exports are showing signs of recovery. In contrast, India’s tile market remains stable domestically." Market Statement, Iluka Resources Ltd
Chinese Consumer
“We see a slight uptick in consumer confidence. We see a stock market that has come back to the 2019 level, which is good for luxury consumers morale. But I wouldn't get over excited because there are other macro employment statistics that are not as positive. But let's say, it's in positive territory.” Nicolas Hieronimus, CEO, L'Oréal S.A.
Satnav & Self Driving Cars
“We see carmakers now fully preparing for next generation of level of self-driving…and the map plays in all the use cases that we know, provides 2 different functions. First, it's providing an extra data source to the self-driving robots, and that means that you can achieve a higher degree of reliability, less interference of the driver…The map becomes a safety device as much as an active input into the self-driving behaviour. And the second important part where the map is used is to explain to the driver what the robot is doing and why it's doing it.” Harold Goddijn, CE, TomTom N.V.
Equities & Volatility
“Global market volatility, triggered by major events such as the announcement of US tariffs, helped drive sustained and elevated trading volumes.” James Fowle, Executive General Manager, CommSec
“Our IPO pipeline is robust, and we continue to expect a meaningful pickup in IPO activity in the quarters ahead.” Adena Friedman, CEO, Nasdaq Inc.
New Zealand
“In the New Zealand segment, macro-economic conditions in New Zealand deteriorated further in Q126 and margins are being adversely impacted as customers shift to lower margin products and price-based competition increases. The reductions in the New Zealand cash rate are welcomed, but consistent with our previous commentary, we are not expecting them to materially change the prevailing trading conditions.” Market Statement, Bapcor Ltd
SME Banking
“We continue to watch credit quality closely. The 90+ days past due and impaired loans have improved.” Chris Bayliss, CEO, Judo Capital Ltd
Commodities & Mining Investment
“Now of course, the main demand increase is coming from the commodities that have had the best run, so to say, so gold and copper…Then if you go into the bulks, of course, iron ore prices are okay and many of the larger producers, of course, making good money, but it's not any exceptional levels whatsoever. So, it's more of a replacement demand picture. And some of the other bulks like coal, for example, is, of course, down. So much less investments there.” Stefan Widing, CEO, Sandvik AB [major global drilling, processing and excavation equipment manufacturer]
“Overall macroeconomic signals for commodity demand remain resilient, and global growth forecasts are moving higher.” Mike Henry, CEO, BHP Group Ltd.
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Rare Earths
“One, the US is prepared to invest significant money to address this critical minerals supply issue. Secondly, they’re doing it in partnership with Australia and that means it’ll happen quickly or quicker, and thirdly, the US are looking at investing directly into Australian projects.” Darryl Cuzzubbo, Arafura Rare Earths Ltd
Supercar Componentry
“We're definitely in that high-performance niche side of the market. So that will always be a little bit cyclic. I think the general automotive industry is extremely price competitive and extremely margin sensitive.” Matthew Bryson, CEO, PWR Holdings Ltd
Science
“For the first time with [Chat]GPT-5, we’re seeing little examples where [AI] models are doing science, making discoveries.” Sam Altman, CEO, OpenAI
LNG
“Customer demand for Woodside’s LNG remains robust.” Meg O’Neill, CEO, Woodside Energy Ltd
Jewellery
“The impacts of continued aggressive promotional trading conditions and record high gold prices were largely offset by the introduction and mix of higher-margin product.” Jonathan Waecker, CEO, Michael Hill International Ltd
Toys
“Consumer demand has been strong all year…So the toy industry is probably in terms of level of growth is much higher than the traditional low single digit at this time. So, a lot of momentum overall.” Ynon Kreiz, CEO, Mattel Inc.
Streaming
“I would just say, looking ahead, we continue to have a massive opportunity since we're only about 7% of the addressable market, in terms of consumer spending and only about 10% of time spent on TV in our biggest market. So enormous room for profitable growth in the core business and this is a very exciting time in terms of a lot of innovation, a lot of competition, but that's been true for the last 25 years.” Theodore Sarandos, CEO, Netflix Inc.
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