Nasdaq 100 Soars, ASX 200 Hovers Near Breakout on Fed Cut Hopes

June 27, 2025 04:15 PM AEST | By Team Kalkine Media

Nasdaq 100 Soars, ASX 200 Hovers Near Breakout on Fed Cut Hopes — Image source: Shutterstock

Nasdaq 100 Climbs on Rate Cut Momentum

The Nasdaq 100 advanced following a series of economic data revisions in the US. The cash index touched a new record high, with market activity aligning behind expectations for upcoming policy adjustments. Traders appear to be treating lower growth and spending figures as supportive of easier monetary policy, encouraging continued strength in technology-heavy indices.

While economic fundamentals pointed to a cooling economy, the easing geopolitical tensions and a pause in trade-related developments helped fuel the Nasdaq's advance. Futures indicated scope for additional gains, with price action focused on previous highs and breakout levels.

ASX 200 Tracks Global Moves, Tests Key Resistance Levels

Back home, the ASX 200 retraced earlier declines and settled near a key swing level after staging a recovery. A broad-based rebound in equities, led by positive sentiment across global benchmarks, has been instrumental in pushing the Australian index higher.

Although technical indicators displayed minor divergence, market tone remained constructive with major sectors contributing to upward momentum. A breakout remains in focus provided risk sentiment sustains and no new negative catalysts emerge.

The index’s short-term trajectory is likely to mirror broader moves in international equities, with investors closely monitoring both domestic and offshore cues.

Market Sentiment Driven by Central Bank Trajectory

Recent commentary and data out of the US have refocused market attention on central bank policy, particularly in relation to inflation readings and employment strength. Traders have increasingly looked past current data in favour of interpreting how policymakers will respond in the coming months.

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