Australian shares to fall after Wall Street rallies on Fed cut hopes — Capital Brief
7:47am on 9 September 2025
The news: Australian shares are set to lower this morning, after US shares rallied overnight as investors almost fully priced in a quarter-point cut at next week’s meeting of the Federal Reserve.
The numbers: Updated at 7:30am AEST:
ASX futures: down 31 points to 8,826Wall Street: Dow Jones up 0.25%, S&P 500 up 0.21% and Nasdaq up 0.45%Europe: CAC 40 up 0.78%, DAX up 0.89% and FTSE 100 up 0.14%Spot gold: up 1.37% to USD3,636 per ounceOil prices: Brent up 0.32% USD66.23/bbl and US WTI up 0.95% to USD62.46/bblAUD: down 0.48% to 65.91 US centsBitcoin: up 0.87% to USD112,109.
The context: The Nasdaq sealed a record high close, while the S&P 500 also climbed, as investors bet the Federal Reserve will lower borrowing costs next week.
Investors now expect multiple interest rate cuts this year after a troubling nonfarm payrolls report on Friday added to concerns about a weakening US job market.
The report, which had triggered a selloff on Wall Street in the previous session, has stoked fears of a potential slowdown in the world’s biggest economy.
By
Hugo Mathers
Topics:
Markets
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