Markets Today (26 November 2025) at Open: Key Trends from Wall Street to ASX
1. ASX Outlook-
The ASX 200 (XJO) has opened strongly higher, up +90 points (+1.05%) at 8,627. Mainly because global markets performed well overnight and local investors are feeling more confident.
2. Overnight US Markets:
US markets had a strong session:
S&P 500: +0.91%
Dow Jones: +1.43%
NASDAQ: +0.67%
Russell 2000: +2.24% (small caps surge)
The rally was driven mainly by growing expectations of interest rate cuts in the US.
3. US Sector Performance:
Winners:
Health Care: +2.16% Consumer Discretionary: +1.92% Communication Services: +1.63% Financials: +1.19%
Losers:
Energy: –0.68% Utilities: –0.35%
4. Commodities: A major driver for the ASX
Gold: –0.09% ($4,132) may slightly pressure gold miners
Copper: +0.59% ($5.02)
WTI Oil: –1.49% ($57.95)
5. What to Watch Today (ASX Focus)
Australia: First Monthly CPI Release – 11:30am AEDT
NAB expects inflation to be 3.6% YoY.
New Zealand: RBNZ Expected to Cut Rates – 12pm AEDT
A 25 bps rate cut is widely expected.
NZ decisions often impact Australian banking sentiment and the NZD/AUD currency dynamic.
6. Broker Move:
Bendigo & Adelaide Bank (BEN)
Downgraded to Neutral by BofA; target cut from $12.80 → $10.20
Guzman y Gomez (GYG)
Upgraded to Neutral by JPMorgan; target raised from $23.10 → $23.40
Webjet / WEB Travel Group (WEB)
JPMorgan: Assumed Overweight (positive rating)
Morgan Stanley: Upgraded to Equal-Weight; target raised from $4.00 → $4.40
WEB has two positive broker changes today, so keep an eye on it.
Investors are waiting for key Australian CPI data, which could further boost sentiment if inflation cools
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.au.au
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Markets Today (26 November 2025) at Open: Key Trends from Wall Street to ASX
1. ASX Outlook-
The ASX 200 (XJO) has opened strongly higher, up +90 points (+1.05%) at 8,627. Mainly because global markets performed well overnight and local investors are feeling more confident.
2. Overnight US Markets:
US markets had a strong session:
The rally was driven mainly by growing expectations of interest rate cuts in the US.
3. US Sector Performance:
Winners:
Health Care: +2.16% Consumer Discretionary: +1.92% Communication Services: +1.63% Financials: +1.19%
Losers:
Energy: –0.68% Utilities: –0.35%
4. Commodities: A major driver for the ASX
5. What to Watch Today (ASX Focus)
New Zealand: RBNZ Expected to Cut Rates – 12pm AEDT
A 25 bps rate cut is widely expected.
NZ decisions often impact Australian banking sentiment and the NZD/AUD currency dynamic.
6. Broker Move:
Downgraded to Neutral by BofA; target cut from $12.80 → $10.20
Upgraded to Neutral by JPMorgan; target raised from $23.10 → $23.40
JPMorgan: Assumed Overweight (positive rating)
Morgan Stanley: Upgraded to Equal-Weight; target raised from $4.00 → $4.40
WEB has two positive broker changes today, so keep an eye on it.
7. Stocks Trading Ex-Dividend:
8. Result: Select Harvests (SHV) reports earnings.
Our take at Kapitales Research:
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.au.au