Rise and Shine: Everything you need to know before the ASX opens
Everything you need to know before the ASX opens. Pic: Getty Images
Good morning everyone and welcome to Rise and Shine on Thursday, October 16, 2025. Here’s what you should know before the ASX opens today…
At 7 am AEST Thursday, ASX futures were pointing down by about 0.04% … we’re looking at a potentially uncertain kind of day.
Here’s what went on overnight…
Wall Street stablises after volatile session
Wednesday’s trading in the US seemed hard to pick at times.
The Dow lost out, only just, by 0.07%, the S&P climbed 0.32%, and the Nasdaq looked okay overall with a 0.66% jump.
| STOCK INDICES | Value | Change |
| ASX 200 | 8,991 | 1.03% |
| S&P 500 | 6,666 | 0.32% |
| Dow Jones | 46,240 | -0.07% |
| Nasdaq Comp | 22,670 | 0.66% |
| Russell 2000 | 2,519 | 0.96% |
| Euro Stoxx 50 | 5,605 | 0.95% |
| UK FTSE | 9,425 | -0.30% |
| German DAX | 24,181 | -0.23% |
| French CAC | 8,077 | 1.99% |
Investors seemed to still be attempting to digest Trump’s latest China tariff threats during a see-saw sesh.
Tech stocks were the calm in the chaos, led by ASML, which jumped 3.1% after flagging AI-led revenue growth of around 15% this year. Broadcom added 2.7% and AMD ripped 9.1% higher.
Banks also had a decent day. Bank of America surged 4.7%, Morgan Stanley rose 5.2%, and JPMorgan and Wells Fargo were still riding yesterday’s strong earnings momentum. A weaker outlook from PNC Financial (-3.4%) and a miss from Abbott Labs (-2.9%) kept things from getting too giddy.
Markets are watching profits extra closely after US stocks have already run about 35% since April – a stretch that seems tricky for some analysts to justify.
The absence of key US data releases (thanks to the ongoing government shutdown) isn’t helping, leaving Jerome Powell and his Fed mates guessing whether inflation or the cooling jobs market is the bigger pain in the butt.
JPow’s recent chatter suggests more rate cuts could be coming, though, and that’s music to the ears of gold bugs and Bitcoin bros … and actually pretty much most traders and investors.
Gold climbed another 0.9% to US $4,200/oz (A$6,451) – now up nearly 60% year-to-date as investors pile into hard assets amid talk of ballooning debt and rising geopolitical risk.
Commodity/forex/crypto market prices
| Price (US) | Move | |
| Gold: | $4,212.38 | 1.67% |
| Silver: | $53.10 | 3.28% |
| Iron ore: | $105.25 | -1.20% |
| Nickel: | $15,150 | 0.30% |
| Copper: | $9,863 | -0.82% |
| Zinc: | $2,942 | -0.17% |
| Lithium carbonate 99.5% Min China Spot: | $11,402 | 1.23% |
| Oil (WTI): | $58.44 | -0.25% |
| Oil (Brent): | $62.08 | -0.26% |
| AUD/USD: | $0.6508 | 0.22% |
| Bitcoin: | $111,320 | -1.58% |
What got you talking
Also in the news…
Resources Top 5: Austral Gold (ASX:AGD) surges 177pc on Casposo gold restart.
Biocurious: Tag-team leadership helps sleep device maker Somnomed (ASX:SOM) regain its bite.
Health Check: Argenica Therapeutics (ASX:AGN) shares flex on follow-up stroke study news.
Trading halts
- Litchfield Minerals (ASX:LMS) – drilling update for the Oonagalabi project
- Peppermint Innovation (ASX:PIL) – pending announcement
- Vectus Biosystems (ASX:VBS) – material transaction relating to drug library
- Auris Minerals (ASX:AUR) – cap raise
- Livium (ASX:LIT) – cap raise
- Orthocell (ASX:OCC) – cap raise
- Andromeda Metals (ASX:ADN) – cap raise
- WAM Income Maximiser (ASX:WMX) – cap raise
- Golden Deeps (ASX:GED) – cap raise
At Stockhead, we tell it like it is. While Buxton Resources is a Stockhead advertiser, it did not sponsor this article.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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