The ASX 200 is sitting at 8,570.7, down -65.7 points, or -0.76% today. Overall sentiment is soft because global markets had a rough night. The ASX managed a small bounce off its 200-day moving average yesterday, But momentum still looks weak.
2. Overnight US Markets:
All major US indices dropped:
S&P 500: -0.92%
Dow Jones: -1.18%
NASDAQ: -0.84%
Russell 2000: -1.88%
This broad decline adds pressure to Australian equities today.
3. US Sector Performance:
Winners:
Communication Services: +1.13% & Utilities: +0.84%
Lower commodity prices usually drag down Aussie miners and energy companies.
5. What to Watch Today (ASX Focus)
The S&P 500, Dow, and NASDAQ are now starting to fall below their 50-day moving averages, which signals weakening momentum.
ASX 200 bounced slightly, but overall global equities look heavy.
Bond yields in Australia continue rising:
The Aussie 10-year yield is up to 4.51%, highest since May.
US Market Headwinds
Auto loans and credit card misdeeds are rising to their highest levels in 14 years, suggesting consumer stress.
Big-name investors are turning bearish:
Peter Thiel sold his entire Nvidia stake.
Michael Burry (famous for “The Big Short”) is shorting Nvidia and Palantir.
This shift in sentiment hurts risk appetite globally.
C. Lithium Sector Update
Pilbara Minerals rose +3.6% yesterday.
Ganfeng Lithium’s chairman expects strong lithium demand by 2026, which caused lithium-related ETFs to jump overnight, though early gains faded.
6. Broker Move:
Two notable updates:
Elders: Reinstated as Outperform (from Neutral), with a price target of $8.25.
Mader Group: Newly initiated as Outperform, with a target of $10.40.
“Outperform” generally means brokers expect the stock to do better than the overall market.
7. Stocks Trading Ex-Dividend:
Future Generation Global (FGG): $0.04
Tamawood (TWD): $0.105
WAM Active (WAA): $0.003
WAM Income Maximiser (WMX): $0.003
8. Earnings Today-
ALS (ALQ)
Catapult Sports (CAT)
TechnologyOne (TNE)
These could see sharp moves depending on results.
Our take at Kapitales Research:
The ASX 200 is under pressure this morning, following a weak Wall Street session and declines across commodities like gold, copper, and oil. Rising bond yields and global investor caution continue to weigh on markets.
However, specific pockets—like lithium stocks—are showing strength due to improving long-term demand outlooks.
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ASX 200 to dip following global sell off
1. ASX Outlook-
The ASX 200 is sitting at 8,570.7, down -65.7 points, or -0.76% today. Overall sentiment is soft because global markets had a rough night. The ASX managed a small bounce off its 200-day moving average yesterday, But momentum still looks weak.
2. Overnight US Markets:
All major US indices dropped:
This broad decline adds pressure to Australian equities today.
3. US Sector Performance:
Winners:
Communication Services: +1.13% & Utilities: +0.84%
Losers:
Financials: -1.93%, Energy: -1.88%, Materials: -1.53%, Tech: -1.43%
4. Commodities:
Lower commodity prices usually drag down Aussie miners and energy companies.
5. What to Watch Today (ASX Focus)
US Market Headwinds
C. Lithium Sector Update
6. Broker Move:
Two notable updates:
“Outperform” generally means brokers expect the stock to do better than the overall market.
7. Stocks Trading Ex-Dividend:
8. Earnings Today-
These could see sharp moves depending on results.
Our take at Kapitales Research:
The ASX 200 is under pressure this morning, following a weak Wall Street session and declines across commodities like gold, copper, and oil. Rising bond yields and global investor caution continue to weigh on markets.
However, specific pockets—like lithium stocks—are showing strength due to improving long-term demand outlooks.
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