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Friday Morning Market Wrap
Market Snapshot
The ASX 200 futures have risen by 46 points (+0.53%) as of 8:30 am AEST.
Key Highlights:
- US stocks experienced gains following a successful US 30-year bond auction and unexpectedly mild producer price data.
- Oracle’s shares soared by 13% after its revenue forecast exceeded analyst expectations, boosting optimism across the AI sector.
- Gold miners are expected to see a price surge, while Accent Group has issued a disappointing FY25 EBIT guidance.
Overnight Summary
Date: Friday, 13 June 2025, 8:21 am (AEST)
Major Indices Performance:
| Name | Value | % Change |
|---|---|---|
| S&P 500 | 6,045 | +0.38% |
| Dow Jones | 42,968 | +0.24% |
| NASDAQ Comp | 19,662 | +0.24% |
| Russell 2000 | 2,140 | -0.38% |
Country Indices Performance:
| Country | Value | % Change |
|---|---|---|
| Canada | 26,616 | +0.35% |
| China | 3,403 | +0.01% |
| Germany | 23,771 | -0.74% |
| Hong Kong | 24,035 | -1.36% |
| India | 81,692 | -1.00% |
| Japan | 38,173 | -0.65% |
| United Kingdom | 8,885 | +0.23% |
Commodities Highlights:
| Commodity | Price | % Change |
|---|---|---|
| Gold | $3,382.67 | +0.51% |
| Copper | $4.8338 | +0.63% |
| WTI Oil | $68.04 | -0.16% |
Currency Performance:
| Currency Pair | Value | % Change |
|---|---|---|
| AUD/USD | 0.6532 | +0.45% |
Cryptocurrency Performance:
| Cryptocurrency | Price | % Change |
|---|---|---|
| Bitcoin (USD) | $106,096 | -2.22% |
| Ethereum (AUD) | $4,043 | -4.40% |
US Sector Performance
| Sector | % Change |
|---|---|
| Utilities | +1.26% |
| Information Technology | +1.01% |
| Health Care | +0.81% |
| Real Estate | +0.53% |
| Materials | +0.52% |
| Consumer Staples | +0.47% |
| Energy | +0.41% |
| Financials | +0.06% |
| Industrials | -0.24% |
| Consumer Discretionary | -0.41% |
| Communication Services | -0.59% |
Market Insights
The major US indices finished substantially higher, benefiting from a strong bond auction while easing concerns regarding inflation as indicated by the latest producer price data. This boost follows dialogue around economic uncertainties stemming from US trade negotiations with Japan, India, and the EU.
Market Watch
What to expect today:
- The ASX 200 is predicted to attempt new record highs influenced by positive US market performance.
- Gold miners are likely to benefit from recent price gains, with a bullish outlook for the VanEck Gold Miners ETF.
- Companies like Accent Group may face significant downward pressure after guiding an EBIT miss.
Broker Movement
- Cettire: Downgraded to Sell from Hold, target price reduced from $0.475 to $0.28.
- Endeavour Group: Initiated as Hold with a target price of $4.50.
- Goodman Group: Initiated as Buy with a target price set at $39.
Key Events in Focus
Stocks trading ex-dividend:
- Friday, 13 June: Dyno Nobel (DNL) – $0.024, Plato Income Maximiser (PL8) – $0.006.
- Monday, 16 June: Whitefield Income (WHI) – $0.006.
Today’s ASX updates revolve around dividends and the economic calendar, with no significant announcements slated.
This comprehensive overview encapsulates the current market trends and financial indicators, allowing investors and analysts to gauge the market’s pulse effectively.
