{"id":67723,"date":"2025-08-14T00:26:16","date_gmt":"2025-08-14T00:26:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/67723\/"},"modified":"2025-08-14T00:26:16","modified_gmt":"2025-08-14T00:26:16","slug":"markets-live-updates-asx-to-rise-after-fresh-highs-on-wall-street-as-us-rate-cut-bets-rise","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/67723\/","title":{"rendered":"Markets live updates: ASX to rise after fresh highs on Wall Street as US rate cut bets rise"},"content":{"rendered":"

2h agoWed 13 Aug 2025 at 9:52pmMarket snapshot\"StephanieASX 200 futures: +0.4% to 8,825 pointsAustralian dollar: Flat at 65.43 US centsS&P 500: +0.3% to 6,466 pointsNasdaq: +0.1% to 21,713 pointsFTSE 100: +0.2% to 9,165 pointsEuroStoxx 600: +0.5% to 550 pointsSpot gold: flat at $US3,354\/ounceBrent crude: -0.5% to $US65.78\/barrelIron ore:\u00a0+0.1% to $US102.85\/tonneBitcoin: -0.4% to $US122,384<\/p>\n

Price current around 7:50am AEST<\/p>\n

Live updates on the major ASX indices:<\/p>\n

14m agoThu 14 Aug 2025 at 12:11amASX opens higher despite CBA dipping again\"Stephanie<\/p>\n

We’re just 10 minutes into the session but the ASX 200 is firmly higher, up 0.6 per cent after falls of a similar magnitude yesterday.<\/p>\n

That’s despite CBA again declining, down a modest 0.3 per cent in early trade.<\/p>\n

The positivity for the local market follows a strong session on Wall Street overnight.<\/p>\n

23m agoThu 14 Aug 2025 at 12:03amSuper fund Mercer sued by corporate regulator\"Stephanie<\/p>\n

The corporate regulator has launched legal proceedings against one of Australia’s largest superannuation funds, Mercer Super.<\/p>\n

ASIC is alleging Mercer failed to inform the regulator about “investigations into serious member services issues, including incorrect insurance premium refunds for dead members”.<\/p>\n

The alleged failures occurred between October 2021 and September 2024, ASIC says, claiming Mercer’s systems were inadequate to comply with its requirements to “promptly report ongoing investigations into significant breaches of their core obligations”.<\/p>\n

The proceedings have been lodged in the Federal Court.<\/p>\n

36m agoWed 13 Aug 2025 at 11:49pm<\/p>\n

ICYMI: Finance with Daniel Ziffer\"Stephanie<\/p>\n

Just 10 minutes until the ASX opens for the Thursday session, so take a look back on how we got here with Daniel Ziffer.<\/p>\n

CBA shares entered correction territory yesterday, making a 10 per cent drop from its most recent peak.<\/p>\n

Here’s why it had such a big impact on the broader market:<\/p>\n

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1h agoWed 13 Aug 2025 at 11:15pm<\/p>\n

Fears for jobs as Star seeks approval for Brisbane casino deal\"Stephanie<\/p>\n

A deal between gambling giant Star Entertainment and its partners in Brisbane’s Queen’s Wharf casino still faces regulatory hurdles and has left employees with questions about their future at the embattled precinct.<\/p>\n

Star told investors on Tuesday morning it had finally\u00a0signed a deal with its Hong Kong partners<\/a>, which would see Star give up assets, including its 50 per cent stake in the $3.6 billion Queen’s Wharf casino complex, and the Treasury car park and hotel.<\/p>\n

A Queensland government spokesperson said the deal between Star and its joint venture partners \u2014 Chow Tai Fook Enterprises (CTFE) and Far East Consortium \u2014 was not yet finalised.<\/p>\n

The state government would not say whether it held concerns about Queen’s Wharf employees working under owners with\u00a0chequered legal histories<\/a>,\u00a0but said jobs and staff welfare were top priorities.<\/p>\n

Read more from Ned Hammond\u00a0reporting in Brisbane:<\/p>\n

1h agoWed 13 Aug 2025 at 11:05pm<\/p>\n

\ud83c\udfa5 The income gap between home owners and renters widens\"Stephanie<\/p>\n

Ahead of the federal government’s economic reform round table, two leading economists are calling for a tax on wealth, land or the family home to close the income gap between renters and home owners.<\/p>\n

New research finds Australia’s extremely favourable tax treatment of owner-occupied housing is fuelling the problem, encouraging Australians to plough money into housing at the expense of everything else \u2014 leaving those without housing even further behind.<\/p>\n

It leaves two Australians, similar other than their home-ownership status, facing very different futures, as Rhiana Whitson reports on The Business:<\/p>\n

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The\u00a0new paper<\/a>\u00a0from Peter Siminski from UTS Sydney and Roger Wilkins from Melbourne University considers the untaxed income owner-occupiers get from their homes, via “imputed rent” \u2014 the value of living in your own house without paying rent \u2014 and capital gains made when the home’s value rises.<\/p>\n

Read more from Rhiana Whitson\u00a0and Gareth Hutchens:<\/p>\n

1h agoWed 13 Aug 2025 at 10:50pmASX Ltd profit rises 6pc, boss acknowledges reputational hit\"Stephanie<\/p>\n

Stock exchange operator ASX has reported a 6 per cent rise in net profit for the financial year, to $502.6 million.<\/p>\n

Shareholders will receive a final dividend of 112.1 cents per share.<\/p>\n

In the company’s report, ASX CEO Helen Lofthouse began by “acknowledging the challenges faced by ASX”.<\/p>\n

“We recognise the status of our operational risk management and resilience has drawn regulator scrutiny and had reputational impact,” she said.<\/p>\n

Ms Lofthouse described a 2024 ASX outage, regulatory scrutiny from ASIC and the RBA, and the corporate regulator’s ongoing inquiry as “serious matters”.<\/p>\n

Last week, the ASX forecast additional operating costs of between $25 million and $35 million in the financial year ahead, as a result of legal and other costs to manage its response to the ASIC inquiry.<\/p>\n

It follows a decade of troubles for the operator and some recent high-profile embarrassments \u2014 read more from chief business correspondent Ian Verrender:<\/p>\n

1h agoWed 13 Aug 2025 at 10:29pmTelstra profit up more than 30pc, $1b share buy-back\"Stephanie<\/p>\n

Telco giant Telstra\u00a0has posted a $2.17 billion statutory net profit for the year \u2014 nearly 34 per cent higher than 12 months ago.<\/p>\n

The company announced an additional share buy-back of up to $1 billion, after a $750 on-market buy-back completed in June.<\/p>\n

“This has been enabled by growth in earnings, and the strength of our balance sheet,” Telstra said.<\/p>\n

Shareholders will receive a total of 19 cents per share in dividends for the year, up 5.6 per cent from a year earlier.<\/p>\n

2h agoWed 13 Aug 2025 at 10:10pmCBA boss not too worried about share price drop\"Stephanie<\/p>\n

Commonwealth Bank’s CEO Matt Comyn says he does not “worry too much about the near-term movements in the share price”, after CBA’s share price dropped more than 5 per cent yesterday, dragging down the broader market with it.<\/p>\n

After a huge run up in the bank’s share price over the past year, leading analysts to highlight how it was impossible for the company to live up to the stock’s sky-high valuation, Mr Comyn said he was conscious that “there’s a lot of Australians that are invested in the performance”.<\/p>\n

“Commonwealth Bank is owned by 13 million Australians \u2026 directly or indirectly, there’s a lot of interest in the share price for us,” Mr Comyn told The Business.<\/p>\n

“[The] most important thing to do is to execute our strategy consistently, deliver a great proposition for our customers.”<\/p>\n

Watch the interview with Matt Comyn and business editor Michael Janda:<\/p>\n

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2h agoWed 13 Aug 2025 at 9:55pm<\/p>\n

Reporting season continues: Telstra, Suncorp, ASX\"Stephanie<\/p>\n

The profit reporting season for ASX-listed firms continues, with some big companies on today’s agenda.<\/p>\n

You can search this calendar to see when stocks you hold or companies you’re interested in are reporting:<\/p>\n

We’ll bring you across the results of the day shortly, they’re starting to hit the ASX.<\/p>\n

2h agoWed 13 Aug 2025 at 9:47pmASX to recover some of yesterday’s drop\"Stephanie<\/p>\n

Good morning, I’ll be joining you for the next few hours to take you through the morning’s market moves.<\/p>\n

ASX futures are pointing to a modest rebound, after the benchmark index dropped 0.6 per cent, thanks to a 5 per cent-plus slump in CBA shares.<\/p>\n

It follows gains on Wall Street overnight, with the Dow gaining 1 per cent and the S&P 500 and Nasdaq closed at new highs.<\/p>\n

Reporting season continues, with Telstra, Suncorp and ASX Ltd on the calendar today.<\/p>\n

The main economic event will be the labour force data out at 11:30am AEST \u2014 forecasts are for the unemployment rate to improve slightly, from 4.3 per cent in June to 4.2 per cent in July.<\/p>\n

Stick with us!<\/p>\n

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