Thursday 11th December 2025
Daily Market Update: 12 December 2025
ASX lifted by miners despite tech drag
The Australian sharemarket ended marginally higher on Thursday, supported by gains in the mining sector following the US Federal Reserve’s third consecutive interest rate cut. The S&P/ASX 200 Index (ASX: XJO) rose 12.6 points to close at 8592. Mining heavyweights BHP Group Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) advanced 1.3 per cent and 1.8 per cent respectively, buoyed by firmer gold prices and hopes of economic stimulus from China. Gold miners also rallied, with Ramelius Resources Limited (ASX: RMS) surging 6.7 per cent after a $250 million buyback announcement, and Newmont Corporation (ASX: NEM) rising 1.7 per cent.
Technology sector weighs down local market
Despite the broader market gains, technology stocks weighed on performance following disappointing results from US tech giant Oracle Corporation (NYSE: ORCL). This led to losses for Australian tech names such as WiseTech Global Limited (ASX: WTC) and Life360 Inc. (ASX: 360), both falling 2.2 per cent. In corporate developments, Flight Centre Travel Group Limited (ASX: FLT) jumped 5.4 per cent after a profit outlook upgrade, while Myer Holdings Limited (ASX: MYR) surged 9.8 per cent on strong Black Friday sales and board news. James Hardie Industries plc (ASX: JHX) rallied 7.1 per cent on positive broker commentary, and Megaport Limited (ASX: MP1) gained 3.1 per cent after completing a share purchase plan. Meanwhile, Insurance Australia Group Limited (ASX: IAG) slipped 1.2 per cent after its acquisition bid was blocked by the ACCC.
US markets rally on Fed cut, but tech lags
Global markets responded positively to the US Federal Reserve’s decision to cut rates by 25 basis points, placing the target range at 3.50 to 3.75 per cent, with the Dow Jones Industrial Average (INDEXDJX: DJI) jumping 1.4 per cent to a record high. The S&P 500 Index (INDEXSP: INX) rose 0.3 per cent while the Nasdaq Composite Index (INDEXNASDAQ: .IXIC) trimmed losses to end 0.3 per cent lower, as investors shifted from high-growth tech to value and cyclical stocks. Financial stocks outperformed, with Visa Inc. (NYSE: V), Mastercard Incorporated (NYSE: MA), and American Express Company (NYSE: AXP) all making solid gains. However, tech weakness persisted, led by Oracle‘s 10.8 per cent drop and declines in chipmakers like NVIDIA Corporation (NASDAQ: NVDA) and Broadcom Inc. (NASDAQ: AVGO).
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.1 | -0.3 | -2.4 | -2.0 | 6.5 |
| Financials | 0.1 | 0.2 | -5.5 | -4.8 | 6.8 |
| Resources | -0.3 | 0.3 | 3.2 | 13.5 | 24.6 |
| Information Technology | -1.2 | -3.5 | -10.7 | -18.6 | -10.6 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.3 | 0.2 | -1.0 | 5.0 | 10.6 |
| Europe | 0.6 | -0.7 | -1.6 | 3.6 | 21.8 |
| Japan | -0.1 | -1.9 | -1.8 | 2.6 | 16.1 |
| China top 50 | 0.2 | -1.5 | -6.1 | -2.5 | 20.9 |
| India top 50 | -0.9 | -1.2 | -3.1 | 1.1 | -5.3 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.5 | 0.0 | -1.5 | -1.8 | 2.0 |
| Australian Corporate Bond | 0.5 | 0.0 | -1.4 | -1.5 | 2.9 |
| US Treasury | 0.2 | -0.2 | 0.0 | 0.4 | 4.1 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 4.1 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | 0.0 | -0.3 | 0.1 | 15.8 | 49.8 |
| Silver | 1.7 | 5.8 | 17.0 | 48.7 | 83.2 |
| Crude Oil | -0.2 | -1.9 | -3.9 | -4.5 | -4.9 |
| Bitcoin | -2.4 | -4.1 | -15.1 | -21.9 | -16.0 |
