1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Investors will be focusing on the banks this morning, with NAB and Suncorp both posting results. The local market is set for a positive opening with ASX futures up 0.51%.
NAB has reported a net profit of $2.21 billion for the December quarter, a 30% increase from a year earlier with its net interest margin rising 2 basis points to 1.8%. Meanwhile, Suncorp’s first-half profit is around a third of its previous first half earnings, while it slashed its interim dividend.
Global equities were mostly positive overnight as investors continue to assess the impact of AI on business models. US stocks posted modest gains as tech stocks rebounded from earlier lows.
On the economic front, Britain's jobless rate rose to 5.2% in the last three months of 2025. It’s the highest in more than a decade outside of the pandemic period, while wage growth slowed further, bolstering the prospects of an interest rate cut next month.
The US dollar index is up 0.4% on the day, meanwhile the Australian dollar is higher at US70.8 cents.
