Australian shares to open higher after Wall Street hits new records — Capital Brief
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8:21am on 12 September 2025
The news: Australian shares are set to open higher this morning after Wall Street’s three main indices all closed at record highs. New US inflation and unemployment claims data strengthened the case for the US Federal Reserve to cut interest rates next week.
The numbers: Updated at 8:05am AEST:
ASX futures: up 43 points to 8,850Wall Street: Dow Jones up 1.36%, S&P 500 up 0.85% and Nasdaq up 0.72%Europe: CAC 40 up 0.80%, DAX up 0.30% and FTSE 100 up 0.78%Spot gold: down 0.13% to USD3,636 per ounceOil prices: Brent down 1.66% USD66.37/bbl and US WTI down 2.04% to USD62.37/bblAUD: up 0.76% to 66.63 US centsBitcoin: up 0.78% to USD114,500.
The context: Wall Street surged as the case for the US Federal Reserve to cut interest rates next week was strengthened following the release of consumer inflation data that was largely in-line with expectations, and a rise in initial unemployment claims.
Paramount Skydance (+15.5%) stocks surged following reports it is preparing a majority cash bid for Warner Bros Discovery (+29%).
The US core consumer price index (CPI) lifted 0.3% in August on a month-to-month basis, and 3.1% year on year, both in line with forecasts.
The overall CPI figure lifted 0.4% month to month, slightly ahead of the expected 0.3% and the biggest gain this year, while the year-on-year increase of 2.9% was in line with expectations.
Meanwhile, weekly initial jobless claims hit their highest level since October 2021 at 263,000.
By
Brandon How
Topics:
Markets
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