- Markets
Find out what influences market movements by browsing through our tailor made product pages.
- Trading Platforms
Maximise your investment opportunities
Trading Platforms
In order to ensure our customers have the best trading experience. We are proud to introduce our suite of trading platforms.
- Accounts
All accounts can be opened using one application form.
OPEN A LIVE ACCOUNT
The application process is simple and straightforward. You can complete the online application form and be trading in minutes.
- Academy
Here you will find all the details regarding One Financial Markets educational offering
TRADING ACADEMY
Working through each of our six online modules, detailed below, you can develop your trading confidence
- Newsroom
The latest news in the Financial Markets from across the globe.
LATEST NEWS
Make sure you don't miss out on what's going on in the world around you, keep up to date with our market commentary and daily market update videos.
- Contact Us
U.S. stocks steady amid interest rate outlook, Apple rallies on iPhone 15 pre-orders
The Australian shares were set to open lower today, while the U.S. stocks remained largely unchanged with a heightened focus on the outlook for interest rates. ASX futures dipped by 21 points or 0.3% to 7214 around 7 am AEST. On Wall Street, the Dow Jones Industrial Average, S&P 500, and Nasdaq saw minor changes of +0.02%, +0.07%, and +0.01% respectively.
In New York, BHP fell by 0.3%, Rio Tinto (NYSE:RIO) by 0.9%, while Atlassian (NASDAQ:TEAM) gained by 0.9%. Tesla (NASDAQ:TSLA) shares dropped by 3.3% while Apple (NASDAQ:AAPL)'s shares rose by 1.7% on the back of strong iPhone 15 pre-orders. Amazon (NASDAQ:AMZN) saw a slight dip of 0.3%. The local currency modestly appreciated while the Bloomberg dollar spot index slightly declined.
On the cryptocurrency front, Bitcoin was up by 1.2% to $26,785 at 7.15 am AEST on bitstamp.net after briefly surpassing the $27,000 mark. The yield on the U.S. 10-year note was down by three basis points to 4.30% at 4.59 pm in New York.
The Federal Reserve is expected to maintain rates at 5.25% to 5.5% during its meeting on Wednesday, with nearly a 70% likelihood for another pause in November according to the CME FedWatch Tool.
JPMorgan strategists noted a clear distinction between European rate hikes and an anticipated pause from the Federal Reserve that aligns with earlier decisions made by Bank of Canada and Reserve Bank of Australia. They highlighted a common message across central banks guiding towards a 'high for long' pause.
In other news, Morgan Stanley suggested a portfolio of defensive growth is suitable for a "late cycle" trading market. Russell 'Rusty' Delroy, founder and investment manager of boutique Cottesloe firm Nero Resources Fund, expressed confidence in the oil and gas sector, citing a severe misalignment between company valuations, investor sentiment, and actual supply-demand metrics. He sees value in oil and gas majors like BP (LON:NYSE:BP), which he believes will remain relevant for a long time.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Begin trading today! Create an account by completing our form
Privacy Notice
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.