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ASX:CRN 3 December 2025

ASX Opening Preview 4 December 2025: Wall Street Rally, Copper Record and Local Catalysts to Watch Before the Australian Stock Market Opens

ASX Opening Preview 4 December 2025: Wall Street Rally, Copper Record and Local Catalysts to Watch Before the Australian Stock Market Opens

Australian investors head into Thursday’s session with the S&P/ASX 200 sitting just below record territory, global risk assets buoyed by fresh hopes of US rate cuts, and copper and gold trading near all‑time highs. At 7am AEST, ASX futures were pointing to a mildly positive start, up around 0.1%, suggesting a modestly firmer open for the Australian share market on 4 December 2025. Stockhead+1 Below is your comprehensive guide to what happened on the ASX yesterday, what moved overseas markets overnight, and the key data and stock stories likely to shape trading when the opening bell rings.
3 December 2025
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Stock Market Today

  • Sugar prices jump as India's weak monsoon and El Niño worries hit supply
    June 29, 2026, 1:29 PM EDT. Sugar prices rallied Friday, with New York sugar hitting its highest in two weeks and London sugar at a 2.75-month peak. Traders pointed to India's 42% below-normal monsoon rainfall as a main driver, putting pressure on sugarcane crops. India's Earth Science Ministry says it's the weakest monsoon in 11 years for the world's No. 2 sugar producer. Brazil's sugar output is also under pressure, as more cane goes to ethanol and Unica reported a 2% output drop through May. A confirmed El Niño weather pattern is raising more supply worries, with the U.S. NOAA citing a 67% chance of a strong "Super El Niño" this year, which could mean less rain for Brazil, India, and Thailand. All this keeps sugar prices up.
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