Markets Today (24 October 2025) at Open: Key Trends from Wall Street to ASX

1. ASX Outlook

The ASX 200 index, which tracks the top 200 companies on the Australian Securities Exchange, is trading around 9,051.6 points, up 18.8 points or +0.21%. A steady start backed by strong overnight leads from the US and rising commodity prices.

2. Overnight US Markets:

S&P 500          6,738   +0.58%

Dow Jones      46,735 +0.31%

NASDAQ          22,942 +0.89%

Russell 2000   2,483   +1.27%

Across the board, all major US indices finished higher, with the tech-heavy NASDAQ leading the way.

3. US Sector Performance

Winners:

• Energy- 1.29%
• Industrials- 1.27%

 Losers:

• Consumer Staples- (-0.41%)
• Utilities- (-0.07%)

4. Commodities

Gold    -4,125.84         +0.62%

Copper -5.0577           +2.01%

WTI Oil            -61.75              +5.61%

• Aluminium rose 2.0%, hitting its highest since May 2022.
• Oil jumped 3–4% due to Russia-related sanctions.
• These gains supported resource stocks globally — which is especially good news for Australia’s mining-heavy ASX.

5. What to Watch Today (ASX Focus)

The resource sector is expected to be the key story on the ASX today:

• Aluminium up 2% to US$2,852/ton, the highest since May 2022.
• Alcoa (a major US aluminium producer) surged 12.5% overnight, showing investor enthusiasm.
• Copper is now above US$5/lb, a strong psychological level. Copper miners (COPX ETF) rose 1.9% overnight — though still 6% below their early-October highs.
• Uranium stocks also rebounded 2%, but remain down around 14% from recent peaks.
• In short, resource strength is expected to support the ASX today, especially miners and energy companies.

6. Broker Move:

Some stock-specific updates from analysts:

• Eagers Automotive (APE) — Initiated with “Sector Perform” rating and a $32 target (RBC).
• Super Retail Group (SUL) — Upgraded to Overweight from Neutral by JPMorgan, with a price target increase to $18.80 (from $18.00).
• Temple & Webster (TPW)— Upgraded to Buy from Hold, target remains at $28 (by BP).

These upgrades could attract investor attention to these individual names.

7. Stocks Trading Ex-Dividend

Only one company trading ex-dividend today:

• Spheria Emerging Companies (SEC) — paying $0.038 per share.

Ex-dividend” means if you buy these shares today, you won’t receive the upcoming dividend.

Our take at Kapitales Research:

• The ASX 200 is off to a positive start, following a strong US lead.
• Commodity prices — especially oil, copper, and aluminium — are giving miners a big boost.
• US markets closed higher across the board, with energy and industrials leading.
• Resource strength remains the major theme for the day.
• A few stock upgrades could add extra momentum in select names.

Overall, the sentiment is cautiously optimistic, with resources, energy, and industrials expected to lead the ASX higher today.

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