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Table of Contents
Market Overview: ASX and Global Market Summary
ASX 200 futures are showing a mild increase of 14 points (+0.15%) as of 8:30 AM AEST.
Key Highlights:
- The S&P 500 and Nasdaq achieved new record highs after recent US inflation data bolstered the expectation for a Federal Reserve rate cut in September.
- The likelihood of a rate cut in September has risen to approximately 93% following the latest inflation results.
- A wave of earnings reports is expected today, including announcements from CBA, IAG, and Computershare.
Overnight Summary
Date: Wednesday, 13 August 2025, 8:20 AM (AEST)
Major Indices Performance
| Index | Value | % Change |
|---|---|---|
| S&P 500 | 6,446 | +1.13% |
| Dow Jones | 44,459 | +1.10% |
| NASDAQ Comp | 21,682 | +1.39% |
| Russell 2000 | 2,283 | +2.99% |
Global Indices Data
| Country | Value | % Change |
|---|---|---|
| Canada | 27,921 | +0.53% |
| China | 3,666 | +0.50% |
| Germany | 24,025 | -0.23% |
| Hong Kong | 24,970 | +0.25% |
| India | 80,236 | -0.46% |
| Japan | 42,718 | +2.15% |
| United Kingdom | 9,148 | +0.20% |
Commodities (USD)
| Commodity | Value | % Change |
|---|---|---|
| Gold | 3,351.22 | +0.25% |
| Copper | 4.4973 | +1.33% |
| WTI Oil | 63.08 | -1.42% |
Currency Highlights
| Currency Pair | Value | % Change |
|---|---|---|
| AUD/USD | 0.653 | +0.04% |
Cryptocurrency Update
| Cryptocurrency | Value | % Change |
|---|---|---|
| Bitcoin (USD) | 119,788 | +0.96% |
| Ethereum (AUD) | 7,004 | +8.59% |
US Sectors Performance
| SECTOR | % Change |
|---|---|
| Communication Services | +1.79% |
| Information Technology | +1.41% |
| Financials | +1.23% |
| Materials | +1.14% |
| Industrials | +1.09% |
| Consumer Discretionary | +0.87% |
| Health Care | +0.74% |
| Energy | +0.49% |
| Utilities | +0.44% |
| Real Estate | +0.22% |
| Consumer Staples | +0.17% |
Key Events and Developments
US Markets:
- The major US indices closed significantly higher, with the S&P 500 reaching its first record high since July 28. This surge is primarily attributed to inflation data that aligned well with investor expectations for a rate cut.
- The Fed’s probability for a September rate cut has risen, increasing confidence among investors.
Earnings Reports:
- CBA revealed a cash NPAT increase to $10.25 billion, with dividends reflecting market forecasts.
- Computershare’s management EPS was $1.35, in line with guidance, while IAG’s cash earnings fell slightly below expectations.
Central Bank Actions:
- The Reserve Bank of Australia (RBA) has cut the cash rate as anticipated, with further rate reductions likely on the horizon.
Inflation Insights:
- July’s core inflation rate increased by 0.3% month-on-month, consistent with expectations, leading to predictions of sustained economic growth.
What to Watch Today
Market Expectations:
- Positive momentum is anticipated as investors digest strong US performances.
- Earnings releases from Australian companies seem stable, maintaining alignment with prior market estimates.
Broker Updates:
- Capricorn Metals downgraded to Neutral, target steady.
- Corporate Travel revised down despite a target increase.
Key Corporate Actions:
- Several Australian companies to report earnings today without significant new dividend announcements.
Conclusion
As the markets react to both domestic and international developments, investors remain optimistic amid a flurry of earnings reports and a supportive inflation outlook. The ASX is poised for a potentially positive day following strong global cues. Keep an eye on upcoming earnings and macroeconomic indicators for further direction.
