Markets Today (22 September 2025) at Open: Key Trends from Wall Street to ASX

Global Market Overview

Wall Street ended higher with the S&P 500, Dow Jones, and Nasdaq all closing at fresh all-time highs, driven by optimism around further Fed easing and strong economic momentum. The Nasdaq gained 0.72%, while the Russell 2000 pulled back 0.77% after a recent rally. Big tech names such as Oracle (+4.0%), Apple (+3.2%), and Tesla (+2.2%) led the advance. Market breadth remained weak, with equal-weight indices underperforming, showing concentration in large-cap tech leadership.

Commodities Update

Gold prices rose 1.1% overnight to US$3,684.75, supported by lower yields and safe-haven demand. This drove strong momentum in gold miners, with the Gold Miners ETF (GDX) up 5.1% to record highs. Uranium surged 8.1% as the URA ETF hit its highest level since 2012, boosted by Sprott Physical Uranium Trust buying ~450,000 pounds of uranium and Mercuria launching a new physical uranium trading desk. Copper advanced modestly (+0.26%) on steady industrial demand, while WTI crude oil rose 0.21% to US$62.68, helped by hedge fund buying amid geopolitical risks.

ASX Outlook

ASX 200 futures are pointing to a positive open, up 24 points (+0.27%) as of 8:30 am AEST. Local markets are expected to be led higher by gold and uranium stocks, reflecting overnight strength in global commodity markets. Gold miners are likely to see renewed buying after a brief pullback, while uranium names should benefit from strong international sentiment and increased physical demand.

Corporate Highlights

• BHP is reportedly set to appoint Geraldine Slattery as the successor to Mike Henry (FT).
• BlackRock-owned Global Infrastructure Partners has shown interest in BHP’s infrastructure assets (AFR).
• Insider transactions: REA Group CEO sold 13,000 shares, Turaco Gold MD offloaded 2.4m shares, and Shape Australia’s founder sold 4.7m shares.
• Apple launched its iPhone 17 Pro series with strong early demand, while Oracle and Meta are considering a US$20bn cloud deal, highlighting Oracle’s infrastructure momentum.

Key Events

• Ex-dividend today: Bisalloy Steel Group (BIS) $0.165, New Hope Corporation (NHC) $0.15.
• IPO: Revolution Private Credit Income Trust (REV) lists at 11:00 am.
• AGMs: Gold Road Resources (GOR).
• Dividends paid: Coles (COL), Iress (IRE), SDI (SDI).

Summary

Global equity markets remain supported by Fed easing expectations, strong tech leadership, and optimism in commodities. Gold and uranium are expected to lead today’s ASX session, while energy remains subdued. The ASX 200 is set to open higher, with momentum favoring resource-linked names and select corporate catalysts adding stock-specific opportunities.

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