Table of Contents
Market Overview
As of 8:30 am AEST, ASX 200 futures saw a modest rise of 3 points, or 0.03%. The major U.S. indices maintained their uptrend, with the S&P 500 achieving a fresh all-time high. Notably, Nvidia’s Q2 earnings report revealed solid financials, though shares dipped approximately 3% in after-hours trading. Today is set to be significant, with major Australian companies such as IDP Education, Medibank, Qantas, and South32 announcing their earnings.
Overnight Summary (28 Aug 2025)
| Major Indices Performance | Index | Value | % Change |
|---|---|---|---|
| S&P 500 | 6,481 | +0.24% | |
| Dow Jones | 45,565 | +0.32% | |
| NASDAQ Comp | 21,590 | +0.21% | |
| Russell 2000 | 2,374 | +0.64% |
| Global Indices Performance | Country | Value | % Change |
|---|---|---|---|
| Canada | 28,433 | +0.33% | |
| China | 3,800 | -1.76% | |
| Germany | 24,046 | -0.44% | |
| Hong Kong | 25,202 | -1.27% | |
| India | 80,787 | -1.04% | |
| Japan | 42,520 | +0.30% | |
| United Kingdom | 9,256 | -0.11% |
| Commodities (USD) | Commodity | Value | % Change |
|---|---|---|---|
| Gold | 3,397.21 | +0.10% | |
| Copper | 4.4222 | -0.99% | |
| WTI Oil | 63.86 | +0.78% |
Currency
- AUD/USD: 0.6505 (-0.01%)
| Cryptocurrency | Cryptocurrency | Value | % Change |
|---|---|---|---|
| Bitcoin (USD) | 111,355 | -0.36% | |
| Ethereum (AUD) | 6,926 | -2.01% |
Transportation Sectors
| U.S. Sector Performance | Sector | % Change |
|---|---|---|
| Energy | +1.15% | |
| Information Technology | +0.48% | |
| Real Estate | +0.43% | |
| Consumer Staples | +0.22% | |
| Materials | +0.19% | |
| Financials | +0.18% | |
| Utilities | +0.06% | |
| Consumer Discretionary | +0.05% | |
| Industrials | -0.02% | |
| Health Care | -0.03% | |
| Communication Services | -0.09% |
Market Insights
Nvidia’s Earnings Report:
- Q2 revenue surged by 56% YoY to $46.74 billion, exceeding estimates.
- Adjusted EPS rose to $1.05, beating estimates by 4%.
- Data centre revenues were slightly below expectations but continue to show strong growth.
- For Q3, Nvidia has projected revenue guidance of $54.0 billion, surpassing market expectations.
Tariffs and Trade:
- U.S. tariff revenue could exceed $500 billion annually.
- Brazil’s pig iron producers are negotiating with U.S. buyers over trade duties.
- The EU plans to propose the elimination of tariffs on U.S. industrial goods in response to political pressures.
Central Banks:
- Discussions around the influence of the Trump administration on the Federal Reserve are rising, with suggestions for a review of the Fed’s internal processes.
Economic Update:
- In China, industrial profits are declining but at a slower rate, while, in Australia, monthly inflation spiked due to the ending of energy subsidies.
What to Watch Today
- Earnings Reports: Key announcements from major companies including Qantas and Medibank are awaited, which could influence market sentiment.
- Lithium Sector: The Rare Earth/Strategic Metals ETF has reached its highest point since December 2023. Pilbara Minerals has also seen an uptick of 8.8%.
- Follow-up on Previous Earnings Beats: Companies like Sigma Healthcare and Nine Entertainment are under scrutiny, especially following significant downgrades from analysts.
Broker Movements
- Flight Centre has been upgraded to Outperform with a new target price.
- Lovisa Holdings, after recent performance, saw downgradings but had target prices raised slightly by some analysts.
- Woolworths and WiseTech Global are both facing downgrades, suggesting a trend expected to weigh on market performance.
Key Upcoming Events
- Ex-Dividend Stocks: Notable ex-dividend payments from companies including Beach Energy and REA Group are set for today.
- Economic Data Release: U.S. Q2 GDP figures are anticipated at 10:30 pm AEST.
This concise summary encapsulates key market movements, sector performance, and anticipated corporate developments for the trading day. Investors should engage closely with the evolving landscape as influential results and economic data are reported.
