Markets Today (15 October 2025) at Open: Key Trends from Wall Street to ASX

1. ASX Outlook

• The ASX 200 is set to open higher, with futures up +74 points (+0.83%) at 8:30 am AEDT.
• This follows mixed overnight moves on Wall Street, where defensives and small caps led gains despite weakness in tech-heavy indices.

2. Overnight US Markets

Major U.S. indices posted a mixed session:

• S&P 500: -0.16%
• Dow Jones: +0.44%
• NASDAQ: -0.76%
• Russell 2000: +1.38% (fresh all-time high)

The Dow’s resilience came from strength in industrials and financials, while tech stocks dragged the broader market lower amid renewed U.S.-China tensions and bubble concerns around AI names.

3. US Sector Performance

Defensive and cyclical sectors outperformed, while growth stocks lagged.

Leaders:

• Consumer Staples +1.72%
• Industrials +1.17%
• Financials +1.12%
• Real Estate +1.06%

Laggards:

• Consumer Discretionary -0.26%
• Energy -0.07%
• Information Technology -1.59%

4. Commodities

Commodities saw mixed trading overnight:

• Gold: +0.37% to US$4,142.95 – supported by safe-haven demand.
• Copper: -3.05% to US$4.95/lb – weakness on oversupply fears.
• WTI Oil: -1.63% to US$58.59/bbl – pressured by IEA forecasts of a record oil surplus in 2026.
• Uranium: +2.65% – extends its multi-year rally amid continued fund accumulation and AI-driven energy demand.

5. Overnight Highlights

• US banks (JPM, GS, C, WFC) all beat Q3 expectations on strong capital markets and trading revenues.
• BofA survey shows a record 54% of fund managers see AI stocks as being in a bubble.
• Silver rallied to a record high amid talk of a London short squeeze.
• Google to invest US$15bn in an AI hub in India.
• Powell says U.S. economy remains stable; no major surprises from Fed remarks.
• RBA notes upside inflation risks in services and housing.

6. Stocks Trading Ex-Dividend

Today (Wed 15 Oct):
Cadence Capital Limited (ASX: CDM) – $0.03
Cadence Opportunities Fund Limited (ASX: CDO) – $0.07
Horizon Oil Limited (ASX: HZN) – $0.015
Perenti Limited (ASX: PRN) – $0.043
United Overseas Australia Limited (ASX: UOS) – $0.005
Wam Research Limited (ASX: WAX) – $0.05

What to Watch Today

 Australian Events & Company News:

Locally, Bank of Queensland (BOQ) will release its full-year results, providing a key read on the health of Australia’s banking sector.

Several major companies are holding AGMs, including Commonwealth Bank (CBA), Origin Energy (ORG), Orora (ORA), and The Lottery Corporation (TLC) — updates from these meetings may shape sentiment across the broader market.

The ASX is rolling out measures to speed up IPO approvals and broaden index eligibility to attract more listings amid rising competition.

Finally, any new commentary from the RBA on inflation — particularly around housing and services — will be closely watched for policy signals.

7. Our Take at Kapitales Research

Markets remain choppy as investors rotate between growth and defensive sectors. While strong bank earnings and resilient U.S. economic data support near-term sentiment, elevated valuations in AI and tech could trigger further volatility. Commodities are diverging — uranium and gold remain standout performers, while copper faces pressure from oversupply. The ASX 200 looks set for a positive open, with traders eyeing updates from Bank of Queensland, Telix, and key AGMs including CBA and Origin Energy.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com