Markets Today (11 December 2025) at Open: Key Trends from Wall Street to ASX

Source: Kapitales Research

1. ASX 200 Snapshot – A Positive Start

The S&P/ASX 200 (XJO) is 8,639.0, up +59.6 points (+0.69%), and the market is open. it’s sitting around a key technical area—the 200-day moving average—so today is being framed as a potential confidence “bounce” day if buying holds.

2. Global Markets –

Overall supportive global lead, with small caps strongest.

US Major Indices

1. S&P 500: 6,887 (+0.67%)
2. Dow Jones: 48,058 (+1.05%)
3. Nasdaq Comp: 23,654 (+0.33%)
4. Russell 2000: 2,562 (+1.41%)

Major US benchmarks were broadly higher after the Fed cut rates by 25 bps (0.25%) and also outlined plans to purchase US$40bn per month in Treasury bills from 12-Dec.

4. US Sector Performance –

Strongest US sectors:

Industrials +1.84%, Materials +1.77%, Consumer Discretionary +1.52%

Only Utilities and consumer staples were the lagging sector overnight.
3. Commodities – Strong Gains (Good News for ASX Miners & Energy)

1. Gold: 4,227.89 (+0.47%)
2. Copper: 5.3253 (+1.50%) Copper up tends to support miners exposed to industrial metals
3. WTI Oil: 58.96 (+1.23%)

Australia is a commodity-heavy market. Higher commodity prices generally support mining and energy stocks, which make up a large chunk of the ASX.

5. ASX Company News (Very Important for Traders Today)

Some strength, at last.”

• Overnight session strong even though some sectors closed relatively flat (Utilities, Staples, Tech, Real Estate).
• Encouraging: Russell 2000 and equal-weight S&P at all-time highs.
• Several “economy-linked” ETFs were higher: Homebuilders (+3.0%), Steel (+2.9%), Copper Miners (+2.3%), Airlines (+2.0%).
• ASX 200 has been loitering around the 200-day moving average; today could mark an encouraging bounce from an uneasy position.

IPOs today:

• Two resource-related IPOs are on the calendar (not yet reviewed in detail in the notes).
• Recent explorers have been received well (EV8, SNM, BHL, RRE, PC2, etc.), though some fade day-one gains.
• In contrast, biotech/tech-related IPOs have “flopped pretty badly” (SLD, CMA, NXN, EPI, 6KA).

6. Broker Ratings – Who’s Upgraded or Downgraded Today?

• Cleanaway Waste Management: initiated Buy with $3.15 target (GS)
• IGO: downgraded to Sector Perform from Outperform, but target raised to $6.50 from $5.50 (RBC)
• Ramelius Resources: upgraded to Sector Perform from Underperform; target raised to $3.50 from $2.60 (RBC).

7. Stocks Trading Ex-Dividend Today (1 December)

• Premier Investments (PMV) — $0.50
• Solvar (SVR) — $0.025

8.  Economic calendar

11:30am (AEDT): Australia Unemployment Rate — November estimate: 4.4%

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