Australian Markets Eye Positive Start as Nasdaq Lifts Global Sentiment
With the Nasdaq up over 1% on Friday, Australia’s ASX 200 is set to open higher on Monday. Here’s the opening forecast
Key Highlights:
ASX 200 Opening Prediction: 28 April Upside Expected After Nasdaq’s Big Rally
As trading resumes for the week, investors are anticipating a bullish open for the ASX 200 on Monday, April 28, following Friday’s strong finish in U.S. markets. The Nasdaq Composite Index closed up 1.26%, lifting global sentiment and setting the tone for Asia-Pacific bourses.
The ASX 200 Index, which closed at 7,968.20 on April 25 with a 0.60% gain, is expected to extend those gains as trading reopens, buoyed by international tailwinds and a favorable commodity backdrop.
What Drove the Positive Global Momentum
- Nasdaq surged +216.90 points, led by tech and consumer stocks
- Global earnings sentiment turned optimistic
- Commodities remained steady, with iron ore and oil prices stable over the weekend
- Asian peers posted gains, creating a supportive environment for Australian equities
Expected Opening Range for April 28
- Likely Opening Trend: ⬆️ Bullish
- Estimated Gap-Up: +30 to +50 points
- Projected Opening Level: ~8,000 to 8,020
This range reflects a 0.4% to 0.6% rise, following continued strength in global equities and optimism in resource-linked sectors.
Sectors Likely to Benefit
- Mining & Resources: BHP, Rio Tinto may open higher on steady metal prices
- Financials: Banks typically track global equity cues positively
- Technology: Could see a lift tracking Nasdaq’s tech rebound
Who Will Be Affected
- Australian investors holding ASX-listed shares or ETFs
- Global funds with exposure to Asia-Pacific indices
- Commodity traders linked to Australian mining and energy markets
- Retail investors tracking index trends for swing trades
What This Means for You
If you’re invested in Australian markets, the ASX 200 opening prediction suggests a strong start to the week. Traders may look for early opportunities in mining, banking, and tech stocks, especially if momentum from Wall Street carries through.
Looking Forward
While Monday’s open is set to be positive, markets will closely watch:
- Corporate earnings from ASX 200 companies
- RBA commentary ahead of upcoming policy decisions
- Commodity price movements, especially iron ore and energy
Investors should remain alert to intraday reversals, particularly if global cues shift or local data surprises.
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