ASX 200 Poised for Gains Amid Mixed Global Cues

March 26, 2025 04:45 PM AEDT | By Team Kalkine Media

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ASX 200 Poised for Gains Amid Mixed Global Cues — Image source: Shutterstock

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Highlights:

The ASX 200 is projected to start the session with gains, following mixed movements in international markets.

Gold Road Resources has turned down an acquisition proposal, citing an undervaluation.

Energy stocks remain in focus as oil prices show contrasting trends.

The Australian share market is positioned for a positive start, with futures indicating an increase at the opening bell. This follows a session on Wall Street where key indices experienced mixed movements. The Dow Jones showed slight weakness, while the S&P 500 and Nasdaq posted modest gains. The ASX200 is expected to follow global trends, reflecting investor sentiment and market momentum.

Oil Prices Show Mixed Performance

Energy companies will be closely watched after oil prices displayed varied movements. The WTI crude oil price edged lower, while Brent crude registered a small increase. This fluctuation comes as market participants react to geopolitical updates, including reports of an agreement between Ukraine and Russia regarding Black Sea shipping routes.

Gold Road Resources Declines Takeover Offer

Gold Road Resources (ASX:GOR) has rejected an acquisition proposal, stating that the bid undervalued the company. The announcement had an immediate impact on its share price, with market participants reacting to the company's stance. The situation remains fluid, with speculation around whether further proposals could emerge.

Gold Prices Strengthen Amid Safe-Haven Demand

Gold mining stocks may see heightened activity after the gold price moved higher overnight. The increase is attributed to sustained demand for safe-haven assets, as uncertainty persists in global financial markets. This shift in sentiment has contributed to stronger performances among gold producers.

Steadfast Group Gains Attention

Steadfast Group (ASX:SDF) has drawn market focus following its investor day event. Observers noted developments in the company’s operational strategies and performance outlook. The broader insurance brokerage sector has experienced significant expansion, with Steadfast maintaining its presence in a growing market.

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