The Australian sharemarket is expected to open higher, following a surge in US stocks at the start of the first full trading week in 2025. ASX 200 futures were up 0.1% as US indices saw gains, with the S&P 500 rising 0.6% and the Nasdaq 100 adding 0.9%. Insignia Financial surged after a takeover proposal, while Nvidia climbed ahead of a key speech. Banks gained on deregulation optimism, and the yield on 30-year bonds reached its highest point since late 2023.
The Australian sharemarket is tipped to open in the green after a renewed wave of dip buying spurred gains on Wall Street at the start of the first full trading week in 2025.
The Dow Jones Industrial Average was little changed. American Airlines rallied on a trio of analyst upgrades. Citigroup also jumped on a bullish call. Tencent Holdings’ depositary receipts slid as the US added company to its Chinese military blacklist. “The recovery we’ve seen Friday and today shows just how strong the ‘buy the dip’ mentality still is,” said Mark Hackett at Nationwide.“Investors continue to lean heavily on tech. Looking ahead, 2025 won’t be a year for easy double-digit gains by solely investing in the S&P 500. Success in this market will require more discipline and creativity from investors.
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