The ASX200 is set to open slightly higher (up 0.06%) today, following a US rally buoyed by hopes that the trade tensions sparked by Donald Trump’s tariff policy could be resolved.
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Overnight, Wall Street reported an optimistic performance among stocks, which shot up after the US President announced a trade deal framework with the United Kingdom, this being the first major agreement since Trump’s imposition of tariffs on a suite of countries earlier this year. The S&P 500 shifted up 0.6%, the Nasdaq rose 1.1% and the Dow increased 255 points. Trump described the UK deal as a breakthrough which would support American exports, though a 10% tariff remains in place.
On the ASX, Macquarie Group (ASX:MQG) reported a net profit of A$3.715 billion for the year ended 31 March (FY25), this being a 5% increase from fiscal year 2024. Net profit for the second half of the fiscal year 2025 was also higher – by 30% – compared to the first half, coming in at A$2.103 billion.
REA Group Ltd (ASX:REA) told investors its revenue had risen 18% to $1.25B in the 9 months to 31 March, compared with the prior comparable period. Operating EBITDA (earnings before interest, taxes, depreciation and amortization) excluding associates was $734 million: an increase of 19% compared to the prior comparable period.
And Avita Medical Inc (ASX:AVH) said its commercial revenue in the first quarter of 2025 was $18.5 million – a rise of around 67% since the same time last year.
To commodities – all in US $ here: Iron ore is $96.80 on the Singapore Exchange, gold’s trading at $3307, Brent crude is $63.30 & natural gas is $3.62 a gigajoule.
One Aussie dollar is buying 64.0 US cents.
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