Friday 5th September 2025
Daily Market Update: 5 September 2025
The bounce back begins, ASX gains 1 per cent, CommBank rallies, Domino’s jumps on insider buying
The local market posted a strong bounce back on Thursday, with the S&P/ASX 200 Index (ASX: XJO) gaining 1 per cent for the day. Technology rose 1.3 per cent, while financials added 1.7 per cent on the back of a 2 per cent rally in Commonwealth Bank of Australia (ASX: CBA). Westpac Banking Corporation (ASX: WBC) and Australia and New Zealand Banking Group Limited (ASX: ANZ) both gained more than 1 per cent amid improved sentiment. On the flip side, Woodside Energy Group Ltd (ASX: WDS) and Santos Limited (ASX: STO) slipped as investors weighed the risk of higher OPEC+ output impacting oil and gas prices. Domino’s Pizza Enterprises Limited (ASX: DMP) jumped after chair Jack Cowin purchased another 5 million dollars of shares following recent weakness. In contrast, Boom Logistics Limited (ASX: BOL) fell 2.6 per cent after revealing its former CEO misused up to 1 million dollars in company funds.
Federal Court dismisses Harvey Norman, Latitude claims, IAG hit by competition concerns, IRESS surges on leadership change
Harvey Norman Holdings Limited (ASX: HVN) was little changed after the Federal Court dismissed claims against Latitude Finance over allegedly misleading “low interest” advertising. Austal Limited (ASX: AST) gained investor confidence after the US Coast Guard exercised options worth 480 million dollars, underlining continued demand. Insurance Australia Group Limited (ASX: IAG) underperformed after the ACCC raised concerns that its acquisition of RAC Insurance could substantially reduce competition in Western Australia. In contrast, IRESS Limited (ASX: IRE) surged nearly 7 per cent after appointing industry veteran Andrew Russell to replace outgoing CEO Marcus Price in November, a move welcomed by investors following weeks of governance concerns.
S&P 500 hits all-time high, weak employment data to support rate cuts, Broadcom rallies, Tesla to roll out robotaxis
The S&P 500 Index (NYSE: SPX) posted a new all-time high, adding 0.8 per cent, while the NASDAQ Composite Index (NASDAQ: IXIC) rose 0.9 per cent and the Dow Jones Industrial Average (INDEXDJX: DJI) 0.6 per cent. Optimism grew around possible rate cuts after softer employment data and reassurance from President Trump that the Federal Reserve should remain “independent” despite his influence. Broadcom Inc (NASDAQ: AVGO) gained 1 per cent after posting strong sales growth, although below lofty expectations, while continuing to sell to Alphabet Inc (NASDAQ: GOOGL) and Apple Inc (NASDAQ: AAPL). Tesla Inc (NASDAQ: TSLA) rose after unveiling its Robotaxi app and benefiting from looser safety requirements for autonomous vehicles. Elsewhere, Lululemon Athletica Inc (NASDAQ: LULU) shares rallied 3 per cent despite weaker earnings guidance, as investors welcomed its more cautious growth outlook.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 1.0 | -2.4 | 1.6 | 3.1 | 13.1 |
| Financials | 1.5 | -3.5 | 2.3 | 0.9 | 16.7 |
| Resources | 0.8 | -0.1 | 8.9 | 12.6 | 21.0 |
| Information Technology | 0.7 | -2.0 | -0.2 | 3.1 | 25.1 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.8 | -1.1 | 0.9 | 7.6 | 21.6 |
| Europe | 0.6 | -1.5 | 1.3 | 0.6 | 17.5 |
| Japan | 1.2 | -2.0 | 2.4 | 5.2 | 15.8 |
| China top 50 | -1.2 | 1.7 | 2.6 | 8.4 | 58.4 |
| India top 50 | -0.2 | 0.2 | -1.9 | -2.9 | -3.2 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.4 | -0.6 | -0.5 | 0.1 | 2.5 |
| Australian Corporate Bond | 0.1 | -0.5 | -0.4 | 0.4 | 3.4 |
| US Treasury | 0.3 | 0.0 | 0.3 | 2.1 | 0.6 |
| Cash | 0.0 | 0.1 | 0.3 | 1.0 | 4.3 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | -0.2 | 4.1 | 4.0 | 4.9 | 45.0 |
| Silver | -0.6 | 4.6 | 8.7 | 18.0 | 45.4 |
| Crude Oil | -2.8 | -0.9 | -2.0 | 7.8 | 6.3 |
| Bitcoin | -0.3 | -2.7 | -4.8 | 4.3 | 99.6 |
