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ASX Market Open: After a week divided, Oz is back marching to Wall Street’s drum | Sep 12
The Market Online· 2025-09-11 22:41
Company News - Origin Energy (ASX:ORG) has paused its $8 billion Victorian offshore wind farm plans, resulting in staff layoffs due to "changed priorities" [4] - Nine Entertainment (ASX:NEC) experienced a significant drop of -36% after announcing a special 49c dividend following the completion of the Domain sale [5] - Golden Deeps (ASX:GED) is gaining attention after discovering further rich copper mineralization at Graceland [5] - Desoto (ASX:DES) is also in focus after identifying new gold zones at Tole and Dadjan [5] Market Trends - The ASX 200 futures are up +0.64%, aligning with bullish trends from Wall Street [1] - The S&P 500 increased by +0.8%, the Dow Jones rose by +1.4%, and the Nasdaq composite gained +0.7%, all reaching new highs [2] - Despite the positive trends, the ASX is facing a weekly loss of -0.65% from Monday to the current day [3] Commodities - Gold prices have surged +5% this month, reaching $3,640, surpassing an inflation-adjusted peak from 1980 [6] - Iron Ore prices have decreased by -1.29%, now at $104.45 per tonne in Singapore [6] - Brent Crude is priced at $66.29, while US natural gas futures have dropped -3.5% to $2.92 per gigajoule [6]