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ASX Morning Update – Friday 29 August 2025
As of 8:30 am AEST, ASX 200 futures have dipped by 3 points (-0.03%), indicating a cautious start for the day. Here’s a concise summary of the latest market activities.
Overnight Summary
On Thursday night, major US benchmarks closed positively, with the S&P 500 reaching a new high above 6,500 for the first time. Key indices included:
| Index | Value | % Change |
|---|---|---|
| S&P 500 | 6,502 | +0.32% |
| Dow Jones | 45,637 | +0.16% |
| NASDAQ Comp | 21,705 | +0.53% |
| Russell 2000 | 2,378 | +0.19% |
Country Indices Performance
- Canada: 28,435 (+0.01%)
- China: 3,844 (+1.14%)
- Germany: 24,040 (-0.03%)
- Hong Kong: 24,999 (-0.81%)
- India: 80,081 (-0.87%)
- Japan: 42,829 (+0.73%)
- UK: 9,217 (-0.42%)
Commodities and Currency Updates
Gold is trading at $3,416.7 (+0.55%), and oil prices have nudged up to $64.32 (+0.16%). The exchange rate for AUD/USD remains stable at 0.653.
In the cryptocurrency sector, Bitcoin is valued at $112,167 (+0.82%), while Ethereum is at $6,889 (-0.02%).
Sector Performance
For the US markets, sectors reacted positively:
| US Sector | % Change |
|---|---|
| Communication Services | +0.94% |
| Energy | +0.68% |
| Information Technology | +0.66% |
| Consumer Discretionary | +0.28% |
| Financials | +0.18% |
| Industrials | +0.17% |
| Materials | +0.01% |
| Real Estate | -0.26% |
| Health Care | -0.42% |
Key Market Movements
- Nvidia surpassed Q2 earnings expectations but issued cautious guidance for Q3, which analysts still view positively.
- US small-cap stocks, notably the Russell 2000, are witnessing a strong rebound, up 7.3% in August alone.
ASX Focus for Today
Today’s trading will be marked by the following highlights:
- Uranium stocks could see movement due to the Global X Uranium ETF’s recent rise by 3.2%.
- Gold prices have been steadily climbing and could approach all-time highs soon.
Broker Moves
Several companies saw changes in ratings from brokers, including:
- Domino’s Pizza downgraded from Buy to Neutral.
- Eagers Automotive downgraded from Overweight to Neutral, but with a target raise.
- Qantas Airways downgraded but raised targets reveal ongoing reassessment by analysts.
Key Economic Announcements
Today’s economic calendar includes:
- 11:30 am AEST: Australia’s Monthly CPI Indicator for July.
As the last day of the reporting season unfolds, investors should be vigilant for key announcements from various companies. As always, stay updated via our Live Blog for the latest financial movements and sector performances.
