Wednesday 10th September 2025
Daily Market Update: 11 September 2025
ASX lifts as banks drive recovery despite mining sell-off
The Australian sharemarket rebounded on Wednesday, with the S&P/ASX 200 Index (ASX: XJO) gaining 0.3 per cent to close at 8830.4, ending a two-day slide. Gains in the financial sector helped offset steep losses among miners, with nine out of eleven sectors finishing in positive territory. Major banks led the charge ahead of key US inflation data, which could influence an anticipated interest rate cut by the Federal Reserve next week. The broader All Ordinaries Index (ASX: XAO)edged 0.2 per cent higher.
Miners weigh down the market as lithium, iron ore and gold weaken
Lithium producers led declines, with Pilbara Minerals Limited (ASX: PLS) falling 17.3 per cent to $1.98 – its worst session in over three years – and Liontown Resources Limited (ASX: LTR) plunging more than 18 per cent. IGO Limited (ASX: IGO) and Mineral Resources Limited (ASX: MIN) also posted heavy losses, while diversified giants Rio Tinto Limited (ASX: RIO) and BHP Group Limited (ASX: BHP) ended the day lower as investors reacted to Anglo American’s merger with Teck Resources. Even gold miners like Bellevue Gold Limited (ASX: BGL), Perseus Mining Limited (ASX: PRU), and Ramelius Resources Limited (ASX: RMS) declined despite a fresh record in spot gold prices, reflecting broad-based weakness in commodities amid global growth concerns.
Global stocks rise on inflation relief and tech strength
US equities rallied to new highs on Wednesday after softer-than-expected inflation data boosted rate-cut expectations. The S&P 500 Index (NYSE: SPX) rose 0.3 per cent, and the Nasdaq 100 Index (NASDAQ: NDX) edged higher, both setting new records, while the Dow Jones Industrial Average (NYSE: DJI) slipped 220 points due to weakness in Apple Inc. (NASDAQ: AAPL). August’s Producer Price Index posted its first monthly decline in four months, fuelling optimism for a dovish CPI report. Oracle Corporation (NYSE: ORCL) surged 35.9 per cent on strong AI-driven cloud bookings, lifting peers NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NASDAQ: AMD), as markets increasingly bet the Federal Reserve could cut rates more aggressively next week.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.3 | 1.3 | 1.3 | 4.0 | 14.4 |
| Financials | 1.6 | 0.9 | 2.5 | 1.3 | 17.7 |
| Resources | -1.1 | 0.3 | 5.3 | 12.2 | 21.3 |
| Information Technology | 0.3 | 2.8 | 0.3 | 6.0 | 30.3 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.3 | 0.3 | 1.0 | 7.0 | 19.3 |
| Europe | 0.0 | 0.8 | 0.9 | 1.4 | 17.7 |
| Japan | 0.0 | 2.0 | 1.6 | 8.0 | 18.2 |
| China top 50 | 2.1 | 1.9 | 5.1 | 8.1 | 61.9 |
| India top 50 | 0.9 | -0.3 | 0.0 | -4.6 | -4.0 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.0 | 0.7 | 0.2 | 0.7 | 2.8 |
| Australian Corporate Bond | 0.6 | 0.2 | 1.0 | 3.6 | |
| US Treasury | -0.2 | 1.3 | 1.1 | 3.3 | 1.3 |
| Cash | 0.0 | 0.1 | 0.3 | 1.0 | 4.3 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | 0.1 | 1.8 | 6.4 | 8.1 | 45.8 |
| Silver | -0.7 | 0.2 | 6.5 | 10.9 | 43.3 |
| Crude Oil | 0.9 | -2.0 | -0.4 | 2.2 | 6.9 |
| Bitcoin | -0.4 | 0.2 | -3.8 | 3.1 | 102.7 |
