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ASX Market Open: Fed cuts – and now markets not sure what to do next | Sep 18
AppleApple(US:AAPL) The Market Online·2025-09-17 22:28

Market Overview - The Federal Reserve has decided to cut interest rates by 25 basis points, leading to uncertainty in global markets regarding the implications of this decision [1][3] - Australian shares have reacted negatively, with ASX 200 futures indicating a potential loss of -0.12% at the market open [2] - Wall Street also experienced declines, with the S&P 500 and Nasdaq dropping, while the Dow Jones saw a modest gain of +0.57% [2] Company News - Santos (ASX:STO) is under scrutiny after Abu Dhabi National Oil Co withdrew its $36 billion takeover offer, citing factors that diminished the target's value during due diligence [4] - Macquarie Group (ASX:MQG) is in the news for having proposed a merger with Carlyle Group earlier this year, although discussions have since stalled [5] - ANZ Group (ASX:ANZ) continues to face challenges, recently parting ways with several senior executives following a fine [5] Commodity and Forex Update - The Australian dollar is trading at 66.5 U.S. cents [6] - Iron Ore prices have decreased by -0.3%, currently at $105.85 per tonne [6] - Brent Crude is priced at $67.95 per barrel, while gold has retreated to $3,667 [6]