Monday 24th November 2025
Daily Market Update: 25 November 2025
ASX rebounds as rate-cut hopes lift sentiment
The Australian share market began the week on a strong note, with the S&P/ASX 200 Index (ASX: XJO) climbing 1.3 per cent or 108.60 points to 8525.10. This bounce recovered part of last week’s sharp decline, which was triggered by stronger-than-expected US jobs data. Investor sentiment improved as expectations firmed for a potential interest rate cut from the US Federal Reserve next month. Rate-sensitive sectors, particularly technology and healthcare, were the primary beneficiaries. Notably, WiseTech Global Limited (ASX: WTC) added 2 per cent to $67.04, while Life360 Inc. (ASX: 360) jumped 7.1 per cent to $39.10.
Takeover action drives healthcare and industrials
Corporate activity dominated market moves, with Monash IVF Group Limited (ASX: MVF) soaring 44.3 per cent to 88 cents after rejecting a takeover offer from a consortium led by Genesis Capital and Washington H. Soul Pattinson. The board deemed the 80 cents per share bid opportunistic and undervalued. Qube Holdings Limited (ASX: QUB) rallied 19.4 per cent to $4.86 following a $5.20 per share proposal from Macquarie Asset Management, valuing the company at $11.6 billion. Gains extended to heavyweight names, with BHP Group Limited (ASX: BHP) inching up 0.6 per cent despite ending takeover talks with Anglo American plc (LSE: AAL). Major banks also participated in the rally, including Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corporation (ASX: WBC), and QBE Insurance Group Limited (ASX: QBE).
Wall Street surges on dovish Fed signals
Global markets rallied strongly, driven by renewed confidence that US interest rates may soon be cut. The S&P 500 Index (NYSE: SPX) advanced 1.6 per cent, the Nasdaq Composite Index (NASDAQ: IXIC) gained 2.7 per cent, and the Dow Jones Industrial Average (NYSE: DJI) rose by over 240 points. Comments from New York Fed President John Williams and Governor Christopher Waller, indicating a December rate cut remains plausible, pushed the probability of easing to 79 per cent according to CME FedWatch. Technology led the gains, with Broadcom Inc. (NASDAQ: AVGO) up 11.1 per cent and Alphabet Inc. (NASDAQ: GOOGL) rising 6.3 per cent, briefly overtaking Microsoft Corporation (NASDAQ: MSFT) in market value. Tesla Inc. (NASDAQ: TSLA) also jumped 6.8 per cent amid updates on its AI chip development.
AI chip development.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 1.3 | -1.3 | -5.2 | -3.9 | 4.5 |
| Financials | 1.1 | -2.6 | -6.6 | -7.1 | 3.0 |
| Resources | 0.5 | -4.3 | -2.5 | 8.0 | 19.0 |
| Information Technology | 2.4 | -0.9 | -13.1 | -16.5 | -7.2 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 1.6 | 0.1 | -1.7 | 3.3 | 12.7 |
| Europe | 1.1 | -1.4 | -2.2 | -0.6 | 25.1 |
| Japan | 0.6 | -1.6 | -0.6 | 2.1 | 22.0 |
| China top 50 | 0.3 | -3.4 | -4.5 | 0.2 | 34.4 |
| India top 50 | -0.4 | 0.2 | 0.4 | 2.5 | 1.0 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.1 | 0.2 | -1.3 | 0.0 | 4.7 |
| Australian Corporate Bond | 0.0 | 0.2 | -1.2 | 0.2 | 5.4 |
| US Treasury | 0.2 | 0.4 | -0.2 | 2.1 | 4.7 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 4.1 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | -0.3 | 1.2 | 0.2 | 23.1 | 55.5 |
| Silver | 0.1 | -3.1 | 2.9 | 29.7 | 59.7 |
| Crude Oil | 0.0 | -3.0 | -5.3 | -7.0 | -4.2 |
| Bitcoin | 0.9 | -7.1 | -21.0 | -24.9 | -9.7 |
