Rise and Shine: Everything you need to know before the ASX opens

Good morning everyone and welcome to Rise and Shine on Wednesday, October 15, 2025. Here’s what you should know before the ASX opens today…

At 7am AEST Tuesday, ASX futures were up 0.73%, hinting at a decent open. But don’t count on that just yet because…

… here’s what went down while the rest of us were asleep…

Wall Street mixed but mostly down

The Dow rose 0.44%, but… the S&P 500 lost 0.16%, and the Nasdaq was slapped 0.64%.

It was all about the big banks on Wall Street overnight, which kept things afloat on Tuesday’s sesh.

Solid Q3 numbers helped offset mixed messaging from the Fed and yet another bout of US-China trade tension.

Wells Fargo (+8.4%) led after smashing profit expectations, while Citigroup (+4.6%) wasn’t far behind on record revenue. BlackRock added 3.7% as assets under management hit a ridonculous US$13.46 trillion.

Not everyone had the party poppers out, though – JPMorgan and Goldman Sachs dipped after their own decent results, weighed down by a year of outperformance.

Financials (+1.7%) and industrials (+1.5%) led sector gains, with Caterpillar up nearly 5% after a JPMorgan target lift.

JPow offers (some) relief

Fed chair Jerome Powell had his own bag of mixed lollies to share overnight, telling the National Association for Business Economics that the US labour market remains sluggish … but the economy “may be on a somewhat firmer trajectory than expected”.

It’s that first bit there, though, that keeps the US central bank on track with the idea of further interest-rate cutting, keeping the bulls in the hunt.

Oh, and one more thing… gold advanced again – no surprise there – but silver lost a bit of its shine…

Commodity/forex/crypto market prices

What got you talking

Also in the news…

Resources Top 5: Litchfield surges to record on 104m red metal punch.

Health Check: The latest ASX biotech IPO is out of the blocks.

Sell Shovels: Why a gold rush beckons for ASX 200 mining contractor Perenti (ASX:PRN).

Trading halts

• Johns LYNG Group (ASX:JLG) – being acquired by Sherwood BidCo Pty Ltd
• Wildcat Resources (ASX:WC8) – denial of media speculation on project sale
• Liberty Metals (ASX:LIB) – pending acquisition
• SQX Resources (ASX:SQX) – acquisition and cap raise
• Hawk Resources (ASX:HWK) – acquisition and cap raise
• Jade Gas Holdings (ASX:JGH) – cap raise
• Titan Minerals (ASX:TTM) – strategic placement
• American West Metals (ASX:AW1) – cap raise
• Pinnacle Minerals (ASX:PIM) – acquisition and cap raise
• SRG Global (ASX:SRG) – strategic acquisition
• Biotron (ASX:BIT) – material acquisition and cap raise

At Stockhead, we tell it like it is. While Brightstar Resources and Perenti are Stockhead advertisers, they did not sponsor this article.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.