Table of Contents
Tuesday Morning Market Wrap (17 June 25)
ASX 200 Outlook
ASX 200 futures are slightly positive, up 5 points (+0.05%) as of 8:30 AM AEST.
Key Highlights:
- US stock markets rebounded, largely recovering last Friday’s losses, influenced by declining oil prices and easing tensions in the Middle East.
- Uranium stocks saw significant gains, spurred by news that Sprott is set to acquire approximately $100 million of physical uranium.
- Major mining services firms, including Emeco, Macmahon, and Perenti, have reaffirmed their FY25 revenue guidance.
Overnight Market Summary
As at 8:20 AM AEST on Tue 17 Jun 2025
Major Indices
| Index | Value | % Change |
|---|---|---|
| S&P 500 | 6,033 | +0.94% |
| Dow Jones | 42,515 | +0.75% |
| NASDAQ Comp | 19,701 | +1.52% |
| Russell 2000 | 2,124 | +1.12% |
Country Indices
| Country | Value | % Change |
|---|---|---|
| Canada | 26,569 | +0.24% |
| China | 3,389 | +0.35% |
| Germany | 23,699 | +0.78% |
| Hong Kong | 24,061 | +0.70% |
| India | 81,796 | +0.84% |
| Japan | 38,311 | +1.26% |
| United Kingdom | 8,875 | +0.28% |
Commodities (USD)
| Commodity | Value | % Change |
|---|---|---|
| Gold | 3,388.1 | -1.30% |
| Copper | 4.8013 | +1.29% |
| WTI Oil | 71.77 | -1.66% |
Currency
| Pair | Value | % Change |
|---|---|---|
| AUD/USD | 0.6524 | +0.57% |
Cryptocurrency
| Coin | Value | % Change |
|---|---|---|
| Bitcoin (USD) | 108,745 | +3.45% |
| Ethereum (AUD) | 4,069 | +4.86% |
Other Financial Indicators
| Indicator | Value | % Change |
|---|---|---|
| US 10 Yr T-bond | 4.452 | +0.63% |
| VIX | 19.11 | -8.21% |
US Sector Performance
| Sector | % Change |
|---|---|
| Communication Services | +1.53% |
| Information Technology | +1.52% |
| Consumer Discretionary | +1.20% |
| Financials | +1.13% |
| Materials | +0.78% |
| Industrials | +0.71% |
| Consumer Staples | +0.02% |
| Real Estate | -0.02% |
| Energy | -0.29% |
| Health Care | -0.40% |
| Utilities | -0.50% |
Key Developments
-
US Market Recovery: Major US indices finished stronger following reduced geopolitical fears and a decline in oil prices, with a modest pullback in gas prices anticipated.
-
Central Banks: Multiple central bank meetings are scheduled this week, particularly with the ECB expected to cut rates, while the BoE and the Swiss National Bank also consider their options due to economic pressures.
-
Geopolitical Tensions: Amid ongoing conflict, Israeli Prime Minister Netanyahu dismisses peace negotiations with Iran, as both nations exhibit aggressive postures.
-
Amazon’s Investment: Amazon has announced an unprecedented $13 billion investment into Australian data infrastructure, indicating strong commitments from tech giants.
- Market Outlook: Continuous strength in equities is unexpected, given the geopolitical crisis, buoyed by falling oil prices and growth in uranium stocks.
ASX Focus for Today
- Apollo: Selling a 4.8% stake in Challenger at $7.45 per share.
- Emeco: Affirms FY25 operating EBITDA target of $300 million, optimistic for FY26 growth.
- Macmahon: Confirms FY25 EBITDA in the range of $160-175 million.
- Perenti: Reiterates revenue guidance of $3.4-3.6 billion for FY25 amidst increasing contract wins.
- Southern Cross Electrical: Awarded projects exceeding $70 million.
What to Watch
- Uranium Stock Performance: Following Sprott’s announcement, local uranium stocks are expected to show volatility.
- Broader Market Trends: Observing whether the resilience in markets continues amid geopolitical developments and oil price fluctuations.
Key Events to Watch (AEST)
- Interest Rate Decision: BoJ expected to retain rates at 0.50%.
- US Retail Sales Data: Set to be released at 10:30 PM, expectations running high.
Stay informed as markets react to both economic indicators and geopolitical developments.
