ASX Market Update August 7
ASX 200 Thursday indicates that the market will open weaker, even though it gained significantly last night in Wall Street. SPI futures point to the Australian share market opening at 25 points lower, or 0.3 percent lower. On Wednesday, there was a forecast in the ASX 200, with the indicator closing higher by 0.85 percent to 8,843.7 points.
A world of stocks was up with Nasdaq giving a 1.2% increase, S&P 500 increasing 0.7, and the Dow Jones increasing marginally 0.2. Nevertheless, such gains do not favor a sustained rally in Australia, given the pricing of commodities and local pressure.
Oil Price Drop to Pressure Energy Stocks
Energy stocks on the ASX 200 are expected to face headwinds following a decline in global oil prices. Brent crude oil fell 1.5% to US$66.61 per barrel, while WTI crude dropped 1.7% to US$64.08. This movement comes amid doubts regarding the future of Russian oil sanctions, according to Bloomberg.
ASX-listed Companies such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could see a muted performance today. The oil price impact ASX stocks narrative is expected to dominate short-term trading strategies across the energy sector.
Gold Price Pullback Likely to Weigh on Miners
The profitability that gold producers have gained might be cooled on Thursday due to overnight easing in the price of gold. Gold futures drifted down to US$3,432.6 an ounce, with part of the profit being booked by investors after the sharp price rise at the beginning of the week.
Consequently, the trading volumes of the gold miners such as the Newmont Corporation (ASX: NEM) and the Northern Star Resources Ltd (ASX: NST) may decline, and prices may weaken. Gold balancing prices in the asset-intensive ASX has brought caution to a section of it.
Light & Wonder Earnings in Focus
Today, Light & Wonder Inc (ASX: LNW) is expected to publish the second quarter financial results. Revenue is expected by analysts to be US$854.15 million and earnings per share US$1.40.
Investors will observe the performance of the Company particularly since there is currently some optimism in stocks of gaming technology firms. The Light & Wonder earnings announcement can be considered as one of the main events of the Australian share market agenda today.
Perpetual Shares Rated a Buy by Broker
Perpetual Ltd (ASX: PPT) has received a vote of confidence from Bell Potter, which maintained a buy rating and increased its price target to $23.00. The stock is forecast to deliver a 6.3% dividend yield.
According to the broker, Perpetual has absorbed one-off charges linked to past acquisitions and internal restructuring. With its wealth management unit sold, the firm is expected to show stronger underlying performance going forward.
Cautious Tone Expected Across Broader Market
In spite of the positive gains in other countries, the ASX 200 outlook on Thursday shows investors are wary of the equivocal signs in the commodity markets. The decrease in oil and gold prices is likely to push resource related sectors that are the ones that have steered index gains in the past.
Meanwhile, domestic stocks will continue adjusting to local economic data and Company updates. The session is likely to see rotation across sectors depending on earnings updates and global trends.
Read Also: https://colitco.com/asx-miners-performance-august-2025/
Market Outlook
The ASX market update August 7 reflects ongoing volatility driven by external commodity price changes and expectations surrounding corporate results. While Wall Street’s gains typically offer support, local factors may override sentiment during today’s session.
The ASX stock predictions today hinge on investor reactions to earnings and macro indicators. With the broader market near record levels, profit-taking and portfolio rebalancing may influence the near-term direction of the index.
