0 seconds of 2 minutes, 35 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
02:35
02:35
 
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

The Aussie stock market will flirt with another record high at open, with ASX 200 futures pointing to a 0.34% gain up to a lofty 8,529 points.

The local bourse has been quite nicely green all through Week 5 as dovish sentiments continue to grow globally. Impending rate cuts everywhere – though not in the U.S. – have been a leading factor in the upward push.

On that note, Europe’s Central Bank cut its key rate to 2.75% as expected; the first of several tipped trims that should eventually bring things down to around 2%.

On the back of the news, the Stoxx Europe climbed nearly 1% through to close.

It was about the same in the U.S., where all three major indices closed in the green – though that was after they barely held on through a late-arvo dip. The S&P 500 led the way with a 0.5% rise while the Nasdaq added 0.2%.

Meta was among the best-moving Wall Street stocks after delivering better profits for 2024’s closing months. Apple’s quarterly will also drop later today.

Back home, Charter Hall (ASX:CHC) and Hostplus’ “relentless” campaign to take over Hotel Property Investments closes today: The $760 million combo offer was accepted in December last year and will be rubber-stamped today.

Also in takeover tales, Genesis Capital has extended its offer period as it looks to settle a $311M bid for Pacific Smiles (ASX:PSQ). The new date is now February 11.

Elsewhere, Macquarie Group (ASX:MQG) has committed $162 million to Strike Energy (ASX:STK) to help the explorer clear its recent debts.

NAB (ASX:NAB) has also today flagged it may open branches on Sundays.

Syrah (ASX:SYR), Resmed (ASX:RMD), and Origin Energy (ASX:ORG) have quarterlies today.

Looking at forex, the Aussie dollar is buying 62.1 US cents.

To commodities, which are in the greenback,

Iron Ore has jumped again to $106.65 a tonne in Singapore,

Gold is trading at a new all-time, selling at $2,806 per ounce, and, 

Brent Crude is trading at $77.08,

US natgas futures are at $3.06 per gigajoule.

That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.

More From The Market Online
The Market Online Video

ASX Market Close: Choppy earning season continues; WTC pulls down tech

It was another tumultuous day for earnings reports as a basket of companies sunk into the…
Imaging machine for the brain

Actinogen reports busy 6 months as development of Xanamem molecule ramps up

Actinogen Medical Ltd said it had pared back net losses in the 6 months to December…
Copper ore

Survey work suggests new zone for Locksley at Cu-Au project Tottenham

Locksley Resources Ltd has run a downhole electromagnetic survey across sections of its Tottenham copper project…
The Market Online Video

ASX Market Update: Financial bounces back as Oz bourse gains on lower opening | Feb 24, 2025

The Australian bourse made some gains on a low opening, as banking stocks led the gains…