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Morning Bell 23 September

Bell Direct
September 23, 2025

Wall Street started the new trading week with some fresh records as big names like Nvidia boosted investor optimism about the future of AI. The S&P500 rose 0.44% to hit a fresh record high at the close while the Nasdaq jumped 0.7% and the Dow Jones ended the day up 0.14%. Nvidia shares rose 3.9% on Monday after announcing a partnership with OpenAI through the investment of $100bn to build out data centres.

Across European markets overnight it was mostly a sea of red as investors continue to assess President Trump’s visa crackdown. The STOXX 600 fell 0.5%, Germany’s DAX lost 0.48%, the French CAC fell 0.3% and, in the UK, the FTSE100 ended the day up 0.11%.

Across Asia markets on Monday, markets closed mixed as investors in the region also responded to Trump’s hefty H-1B visa fees. Indian tech stocks fell overnight 3% in response to the newly imposed visa fees, while Japan’s Nikkei rose 0.99%, Hong Kong’s Hang Seng fell 0.76%, and South Korea’s Kospi index gained 0.68%.

Locally to start the new trading week, the ASX200 posted a 0.43% gain amid a boost in commodity prices driving a rally for materials stocks, especially in the form of gold after the price of the precious metal hit yet another fresh recover overnight over US$3700/ounce.

Regis Healthcare (ASX:REG) shares plunged 26% on Tuesday after the company warned that the Federal Government’s 4.7% funding increase for aged care was below expectations and won’t cover rising staff costs, creating a funding gap. As a result, Regis downgraded its earnings outlook, guiding to only modest EBITDA growth (3–7%) for FY2025, disappointing investors and sparking a sharp sell-off on Monday.

What to watch today:

  • On the commodities front this morning oil is trading 0.13% lower at US$62.32/barrel, gold is up a further 1.71% to a fresh record US$3747/ounce and iron ore is trading 0.05% at US$105.49/tonne.
  • The Aussie dollar has strengthened against the greenback to buy 66.02 US cents, 97.50 Japanese yen, 47.06 British pence and 1 New Zealand dollar and 12 cents.
  • Ahead of Tuesday’s trading session the SPI futures are anticipating the ASX will open the day up 0.19% tracking Wall Street’s gains overnight.

Trading ideas:

  • Bell Potter has initiated coverage of Generation Development (ASX:GDG) with a buy and a 12-month price target of $8.20. Generation Development Group (GDG) is a financial services company that offers a range of tax-effective investment solutions, annuities, managed accounts and research services. The analyst sees GDG as a Buy due to its transformative earnings growth, strategic acquisitions, strong managed accounts positioning, supportive regulatory tailwinds, and a major vote of confidence from BlackRock, all pointing to a long runway for scalable, high-margin growth.
  • And Trading Central has identified a bullish signal on Acrow (ASX:ACF) following the formation of a pattern over a period of 337-days which is roughly the same amount of time the share price may rise from the close of $1.06 to the range of $1.30 to $1.36 according to standard principles of technical analysis.

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