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Morning Market Update: ASX on the Rise Amid Wall Street Records
ASX 200 futures are up by 5 points (+0.05%) as of 8:30 am AEST.
Key Highlights:
- The S&P 500 narrowly missed setting a new record close, while the Nasdaq soared to all-time highs as Apple continues its impressive performance.
- Wall Street experienced a relatively steady trading day without significant updates on trade issues or corporate news.
- Earnings reports on the ASX are ramping up, heightening market focus.
Overnight Market Summary
Date: Mon 11 August 2025, 8:21 am (AEST)
Major Indices Performance
| Index | Value | Change |
|---|---|---|
| S&P 500 | 6,389 | +0.78% |
| Dow Jones | 44,176 | +0.47% |
| NASDAQ Composite | 21,450 | +0.98% |
| Russell 2000 | 2,218 | +0.17% |
Country Indices Performance
| Country | Value | Change |
|---|---|---|
| Canada | 27,759 | -0.01% |
| China | 3,635 | -0.12% |
| Germany | 24,163 | -0.12% |
| Hong Kong | 24,859 | -0.89% |
| India | 79,858 | -0.95% |
| Japan | 41,820 | +1.85% |
| United Kingdom | 9,096 | -0.06% |
Commodities Price Movement
| Commodity | Value (USD) | Change |
|---|---|---|
| Gold | 3,397.28 | -0.08% |
| Copper | 4.4569 | -0.14% |
| WTI Oil | 63.35 | +0.49% |
Currency and Cryptocurrency Trends
| Asset | Value | Change |
|---|---|---|
| AUD/USD | 0.6522 | 0.00% |
| Bitcoin (USD) | 118,705 | +1.82% |
| Ethereum (AUD) | 6,471 | -1.68% |
Miscellaneous Updates
| Asset | Value | Change |
|---|---|---|
| US 10 Yr T-bond | 4.285 | +0.97% |
| VIX | 15.15 | -8.57% |
Overview of the US Market Sectors
Mon 11 August 2025, 8:21 am (AEST)
| Sector | Change |
|---|---|
| Information Technology | +1.22% |
| Communication Services | +1.21% |
| Financials | +0.91% |
| Health Care | +0.90% |
| Energy | +0.65% |
| Materials | +0.54% |
| Consumer Staples | +0.36% |
| Consumer Discretionary | +0.19% |
| Industrials | -0.01% |
| Utilities | -0.45% |
| Real Estate | -0.82% |
Key Developments
- US Markets: Major US indices performed strongly amidst a quiet trading environment.
- Apple Inc. significantly contributed to the Nasdaq’s rise, continuing its momentum with a 4.2% increase.
- Intel Corp. faces scrutiny as leadership navigates internal strategies and external narratives.
- Meta Platforms is investing heavily in AI, indicating their commitment to innovation within the technology space.
- Key insights emerged around tariffs affecting markets globally, particularly in precious metals.
What to Watch in Australia
- Car Group FY25 Earnings: The market anticipates reported earnings, having pre-disclosed figures on 17 July.
- JB Hi-Fi: Anxieties surround its upcoming earnings report, given its high price-to-earnings ratio.
- Block Inc.: Following its recent performance surge, investors are cautious as US shares indicated a downward trend.
Broker Updates
- ARB Corp has been upgraded to Neutral, reflecting a positive outlook from UBS with a target price increase.
Key Events for Today
- Dividends Paid: Notable payments from Gtn Ltd.
- Earnings Reports: Companies like Car Group and JB Hi-Fi set to report.
- Economic Outlook: No significant announcements are expected today.
This overview captures the latest in market trends, stock movements, and economic indicators relevant for investors monitoring developments in Australia and abroad. As the ASX prepares for the week ahead, attention will be firmly fixed on both impending earnings results and wider market conditions.
