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ASX Live Coverage – 10 June: Market Updates and Strategic Insights
Welcome to our live coverage of the ASX for Tuesday, June 10. This new format aims to keep you updated in real time—don’t forget to refresh the page for the latest developments. We also welcome your feedback on how we can enhance your experience.
Wall Street Analysts Lift S&P 500 Expectations
In the last few days, several financial institutions have adjusted their year-end forecasts for the S&P 500. Here are the salient updates:
- Current Status: The S&P 500 closed at 6,003 on Monday.
- Citi has revised its year-end target to 6,300, driven by optimism surrounding AI advancements and a broader confidence in corporate earnings.
- Morgan Stanley maintained a 12-month target of 6,500. Analyst Mike Wilson indicated that the market correction seen in April likely marked the end of a protracted downturn that started a year prior.
- Goldman Sachs’ David Kostin observed a notable market rotation back towards growth, suggesting that investors are adopting a more optimistic outlook.
Highlights from Livewire
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Rudi Filapek-Vandyck on Resilient Stocks:
Read More – Rudi Filapek-Vandyck, the astute Belgian founder of FNArena, shares his insights on identifying “All-Weather” stocks—quality ASX companies capable of thriving in various economic conditions. His strategy emphasises the importance of prioritising quality over cheap valuations, aiding investors in navigating the volatile Australian share market. -
Low Beta Investments for Volatile Markets:
Read More – In May 2025, Hearts & Minds underwent a leadership overhaul with Richard Howes appointed as part-time CEO. Meanwhile, Mirrabooka Investments’ successful entitlement offer raised $85 million at a discount during a market upswing. Companies like Whitefield Industrials have reported notable increases, while Metrics Master Income Trust secured $315 million, signalling robust opportunities in Australia’s LIC and LIT sectors. - Replicating Warren Buffett’s Success:
Read More – As Warren Buffett retires at the age of 95, his legacy as the architect of Berkshire Hathaway’s triumph is examined. Critics argue that his unique advantages are unattainable, but adherence to the value investing principles outlined by Benjamin Graham is accessible for all. By focusing on patience and thorough research, everyday investors can emulate Buffett’s strategies in cash management and investing in undervalued, high-quality stocks.
Market Drivers
Recent stock movements have shown promise, with major US indices experiencing a rally that has led to an increase of 1.12% in the S&P 500 over the past two days. This positions the index within 2.5% of its all-time highs and reflects over a 20% rise from its post-Liberation Day low.
Key economic indicators to watch include:
- US Jobs Report: May saw an addition of 139,000 jobs, surpassing the 130,000 forecast, while the unemployment rate held steady at 4.2%.
- US-China Trade Talks: These discussions are recommencing today, focusing on rare-earth export tariffs and advanced technology restrictions.
- China’s Inflation: The Consumer Price Index registered a 0.1% decline year-on-year in May, marking four consecutive months of deflation, with ongoing producer price deflation observed for 32 months.
- Chinese Monetary Policy: The People’s Bank of China injected 1 trillion yuan into the market, addressing concerns over financial stress.
- Reserve Bank of India: The RBA has cut rates by an unexpected 50 basis points to 5.5%, providing 2.5 trillion rupees of liquidity to the financial system.
Morning Outlook
S&P/ASX 200 futures indicate a slightly downbeat start to the day, with a decline of 3 points (-0.03%). New readers are encouraged to refer to today’s Morning Wrap for a quick overview of the day’s developments.
In conclusion, the markets reveal a mixture of cautious optimism amid strong economic indicators and strategic adjustments by key financial players. Each update reflects the evolving landscape as investors navigate a multifaceted financial milieu. For ongoing insights, remain engaged as we provide timely updates throughout the trading day.
