Australian shares to open lower after tech rally notched new S&P500 high

Australian shares to open lower after tech rally notched new S&P500 high — Capital Brief

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8:14am on 11 September 2025

The news: Australian shares are set to tick down this morning after the S&P500 hit a new record close overnight, buoyed by an Oracle-led tech rally.

The numbers: Updated at 8:00am AEST:

ASX futures: down 20 points to 8,805Wall Street: Dow Jones down 0.48%, S&P 500 up 0.30% and Nasdaq up 0.03%Europe: CAC 40 up 0.15%, DAX down 0.36% and FTSE 100 down 0.19%Spot gold: up 0.38% to USD3,640 per ounceOil prices: Brent up 1.78% USD67.57/bbl and US WTI up 1.66% to USD63.67/bblAUD: up 0.37% to 66.13 US centsBitcoin: up 1.90% to USD113,632.34.

The context: The S&P 500 reset its record close, buoyed by a tech stock rally after Oracle (+36%) surged after posting strong first quarter results for FY26 and forecast that booked revenue from its core cloud business would breach USD500 billion over the next few months.

The intraday surge meant Oracle co-founder and CTO Larry Ellison briefly surpassed Elon Musk as the world’s richest man, according to the Bloomberg Billionaires Index. Swedish fintech Klarna (+15%) also surged on its New York Stock Exchange debut.

Meanwhile, the Dow Jones fell and the Nasdaq ended flat as investors considered producer price index data released by the Bureau of Labor Statistics (BLS) overnight.

The inflation measure ticked down 0.1% in August on a month-to-month basis, after surging in July, but was up 2.6% compared to 12 months prior.

US consumer price index data inflation data to be released on Thursday evening (AEST) will further inform investor expectations ahead of the US Federal Reserve’s interest rate decision next week.

By
Brandon How

Topics:
Markets