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ASX Morning Wrap – 25 August 2025
ASX 200 futures rose by 84 points (+0.94%): The market’s positive momentum follows strong performances from major US indices, buoyed by Federal Reserve Chair Jerome Powell’s hints towards potential rate cuts in September, emphasizing employment risks more than inflation.
Key Highlights:
- Major US benchmarks showed significant gains, with the Russell 2000 reaching new highs.
- A busy day ahead with earnings reports from several companies including Pilbara Minerals, Ansell, and Bendigo Bank.
Overnight Market Summary
| Major US Indices: | Index | Value | % Change |
|---|---|---|---|
| S&P 500 | 6,467 | +1.52% | |
| Dow Jones | 45,632 | +1.89% | |
| NASDAQ Composite | 21,497 | +1.88% | |
| Russell 2000 | 2,362 | +3.86% |
| Global Indices: | Country | Index Value | % Change |
|---|---|---|---|
| Canada | 28,333 | +0.99% | |
| China | 3,826 | +1.45% | |
| Germany | 24,363 | +0.29% | |
| Japan | 42,633 | +0.05% | |
| UK | 9,321 | +0.13% | |
| India | 81,307 | -0.85% | |
| Hong Kong | 25,339 | +0.93% |
| Commodities (USD): | Commodity | Price | % Change |
|---|---|---|---|
| Gold | 3,371.09 | -0.10% | |
| Copper | 4.4559 | +0.10% | |
| WTI Oil | 63.77 | +0.02% |
Currency:
- AUD/USD: 0.6492 (+0.01%)
| Cryptocurrency: | Cryptocurrency | Value | % Change |
|---|---|---|---|
| Bitcoin (USD) | 112,897 | -1.94% | |
| Ethereum (AUD) | 7,342 | +0.23% |
US Sectors Performance
| Sector | % Change |
|---|---|
| Consumer Discretionary | +3.18% |
| Energy | +1.99% |
| Communication Services | +1.87% |
| Materials | +1.70% |
| Financials | +1.65% |
| Real Estate | +1.62% |
| Health Care | +0.82% |
Market Insights:
- The S&P 500 rallied effectively following Powell’s dovish commentary, snapping a five-day losing streak.
- China’s stock market sees gains, sparking concerns about potential bubbles amidst ongoing economic challenges.
- Nvidia’s upcoming earnings are anticipated to cause substantial market fluctuations.
Key Corporate News
- Nvidia: Halting H20 production following a Chinese directive.
- Spotify: Planning to increase prices to fund new features.
- Meta: Signed a significant cloud deal with Google exceeding $10 billion.
- Workday: Reported solid Q2 profits; plans acquisition of Paradox.
ASX Today: What to Watch
- Anticipate today’s earnings season announcements, focusing on companies like Aussie Broadband, Pilbara Minerals, and Bendigo Bank.
- Recent market rallies focus on Powell’s shift in emphasis towards employment concerns, which could positively affect Australian tech and resources sectors.
Broker Moves
- Healius: Upgraded to Positive, price target raised to $1.05.
- Macquarie Group: Upgraded to Overweight; target elevated to $241.
- Resolute Mining: Downgraded to Neutral, target set at $0.75.
Economic Outlook
- Expectations for no major economic announcements today, yet focus remains on how the prior week’s earnings will impact market dynamics.
Note: For real-time updates on market movements and company announcements, follow our Live Blog.
This summarised version captures the essential elements of the original report, ensuring clarity and providing a compact overview of the market situation.
