Thursday 11th September 2025
Daily Market Update: 12 September 2025
Bank and healthcare losses weigh on the ASX
The Australian sharemarket edged lower on Thursday, with the S&P/ASX 200 Index (ASX: XJO) falling 24.4 points, or 0.3 per cent, to close at 8805. Profit-taking in healthcare and financial sectors offset gains in mining and energy stocks. The major banks were under pressure following job cut announcements, with Australia and New Zealand Banking Group Limited (ASX: ANZ) declining 1.6 per cent, while National Australia Bank Limited (ASX: NAB) and Westpac Banking Corporation (ASX: WBC) dropped 0.9 per cent. Commonwealth Bank of Australia (ASX: CBA) eased 0.5 per cent. Bendigo and Adelaide Bank Limited (ASX: BEN) slipped 0.8 per cent after news it plans to cut nearly 160 jobs.
CSL led healthcare declines
CSL Limited (ASX: CSL) led healthcare declines, falling 2.4 per cent, tracking overnight losses in the US sector. Other notable drops included Telix Pharmaceuticals Limited (ASX: TLX) down 4.4 per cent, ResMed Inc. (ASX: RMD) by 2.7 per cent, Sonic Healthcare Limited (ASX: SHL) by 1.1 per cent, and Cochlear Limited (ASX: COH) by 1 per cent. However, the gold sector surged as a softer US inflation print boosted rate cut expectations. Newmont Corporation (ASX: NEM) rose 1.3 per cent, Resolute Mining Limited (ASX: RSG) surged 8.2 per cent, and Regis Resources Limited (ASX: RRL) gained 6.2 per cent. Northern Star Resources Limited (ASX: NST) and Ramelius Resources Limited (ASX: RMS)both added 3.5 per cent. In corporate moves, Service Stream Limited (ASX: SSM) soared 16 per cent on winning a $1.6 billion defence contract, while Downer EDI Limited (ASX: DOW) gained 3 per cent after securing a $3 billion defence services contract.
Global markets buoyed by rate cut hopes
Globally, gold prices steadied near record highs at $US3642 an ounce, with optimism building around potential US Federal Reserve rate cuts following a surprise fall in US producer prices. Traders are now expecting a quarter-point rate cut at the Fed’s September 17 meeting, with some speculating further easing by year-end. Wall Street responded positively, with the S&P 500 Index (NYSE: SPX) climbing 0.9 per cent to breach 6588, the Dow Jones Industrial Average (NYSE: DJI) rising 616 points to close at 46,107, and the Nasdaq 100 Index (NASDAQ: NDX) advancing 0.6 per cent. Gains were broad-based, driven by materials, financials, and technology stocks. Standouts included Tesla Inc. (NASDAQ: TSLA) up 6 per cent, Micron Technology Inc. (NASDAQ: MU) up 7.5 per cent, and Centene Corporation (NYSE: CNC) jumping 9.1 per cent.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | -0.3 | -0.1 | 0.5 | 3.6 | 12.6 |
| Financials | -1.2 | 0.5 | 3.4 | 2.8 | 17.8 |
| Resources | 0.5 | -2.0 | 2.5 | 9.8 | 17.3 |
| Information Technology | -0.3 | 1.7 | 0.8 | 4.4 | 25.7 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.9 | -1.3 | 0.7 | 7.0 | 19.1 |
| Europe | -0.3 | -1.2 | 0.3 | 0.6 | 16.9 |
| Japan | 0.2 | 0.2 | 1.4 | 8.0 | 17.9 |
| China top 50 | -0.9 | 3.1 | 5.6 | 7.0 | 62.7 |
| India top 50 | -0.5 | -0.9 | -1.5 | -5.1 | -5.3 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.3 | 0.6 | 0.3 | 1.1 | 3.0 |
| Australian Corporate Bond | 0.2 | 0.5 | 0.3 | 1.3 | 3.8 |
| US Treasury | 0.1 | 0.9 | 1.4 | 3.2 | 0.7 |
| Cash | 0.0 | 0.1 | 0.3 | 1.0 | 4.3 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | -0.4 | 1.1 | 6.7 | 7.7 | 44.2 |
| Silver | -0.5 | -1.3 | 7.1 | 11.8 | 43.9 |
| Crude Oil | 0.4 | 0.4 | 1.1 | -0.8 | 6.2 |
| Bitcoin | 2.5 | 2.0 | -6.8 | 2.1 | 99.2 |
