Group 1: Market Overview - The upcoming Federal Reserve rate cut is anticipated due to rising inflation and weakening labor data [1] - The ASX 200 is expected to open lower, with futures indicating a -0.7% loss [2] - Major indices like the S&P, Dow Jones, and FTSE closed in the red, while the Nikkei and Nasdaq saw slight gains of +0.9% and +0.4% respectively [3] Group 2: Company News - ANZ Group has been fined $240 million by Australia's corporate regulator for "engaging in unconscionable conduct," indicating issues in managing non-financial risks [4] - XRG's bid for Santos has a deadline approaching, with a $30 billion buy-up in negotiations that have been paused for four weeks [5] - Lendlease faces a crucial vote to fend off rival Mirvac from its $2 billion property fund [5] - Wildcat Resources confirmed the presence of spodumene at its Harry and Hermione prospects, generating interest on forums [5] Group 3: Commodity and Forex Update - The Australian dollar is trading at 66.4 cents against the US dollar [6] - Iron Ore prices increased by +0.4%, now at $105.90 per tonne [6] - Brent Crude is priced at $66.86 per barrel, while Gold remains strong at $3,646 [6] - US natural gas futures rose by +0.5%, reaching $2.96 per gigajoule [6]
ASX Market Open: Markets pricing in the slice before ‘cemented’ Fed Reserve rate cut | Sep 15