Everything you need to know before the ASX opens
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News.
Good morning everyone and welcome to Rise and Shine on Tuesday, June 17, 2025. Here's what you should know before the ASX opens today…
The ASX looks set to open in the green on Tuesday, with futures pointing up 0.2% following a relief rally on Wall Street.
Wall Street catches its breath
The S&P 500 climbed 0.94%, the Nasdaq bounced back 1.52%, and the Dow added 0.75% as investors breathed a little easier with oil prices sliding and fears of a wider Middle East war cooling, at least for now.
STOCK INDICES Value Change ASX 200 (previous day) 8,548 0.01% S&P 500 6,033 0.94% Dow Jones 42,515 0.75% Nasdaq Comp 19,701 1.52% Euro Stoxx 50 5,340 0.93% UK FTSE 8,875 0.28% German DAX 23,699 0.78% French CAC 7,742 0.75%
Calmer vibes came as Tehran signalled it was open to talks. Traders welcomed the shift to risk-on, and big names did the heavy lifting.
AMD led a rebound in chip stocks, Meta jumped as it doubled down on AI (again), and Boeing reminded investors it's still crawling forward on the Air Force One project.
All this as investors wait to hear from the Fed Reserve on Wednesday (US time).
A cut is off the cards for now, but Chair Powell's tone could shape the outlook for September.
Money markets are pricing in a 56% chance of a September trim, but some reckon the 'dot plot' might now point to just one cut this year.
Oil cools as Strait of Hormuz stays open
Crude oil prices dropped as much as 3% after Iran reportedly used backchannels to tell the world it doesn't want things to get messier.
WTI slipped below US$71.50 a barrel after Friday's near 7% jump, with traders calming down on fears of an imminent supply shock.
Key pipelines and oil-export infrastructure have so far dodged the fighting. That includes the all-important Strait of Hormuz, the maritime bottleneck where around 20% of global oil moves daily.
Any blockage there and prices would go vertical, but for now, shipping lanes are clear.
Still, the risk hasn't gone away. Israel hit gas production assets and a TV station in Tehran, while Iran launched another wave of drone and missile attacks.
There's plenty of firepower left in this standoff, and any slip-up near Hormuz could send oil soaring, along with inflation expectations.
Economists say central banks like the RBA will try to look through any temporary oil price spikes.
But if the conflict drags on, energy-driven inflation could handcuff the Fed and others well into 2025.
Bitcoin shrugs off war, storms back
While the world watches the oil market, Bitcoin just keeps marching higher.
It reclaimed the US$108,000 level after a weekend wobble, helped along by fresh ETF inflows and traders betting that even if the Fed stays hawkish, crypto might still be the hedge of choice.
Spot Bitcoin ETFs took in over $300 million in fresh money on Friday, and another billion-dollar buy was reported last night.
However, some analysts warn that if oil keeps rising, crypto mining costs could climb, making BTC's current momentum harder to sustain.
And with the Fed now seen holding rates higher for longer, Bitcoin may need more than just ETF flows to break through resistance at $110k.
And finally...
It's a quiet one on the data front, but all eyes are on the Bank of Japan this morning, the first of three big central banks to make rate calls this week.
No change is expected, but after surprising markets earlier this year by lifting rates for the first time since 2007, investors will be listening closely for tone.
Otherwise, the Fed is front and centre midweek, and the ECB looms on Thursday.
There's also some price index data from New Zealand today. But in truth, most investors are keeping their powder dry until Powell speaks and the war headlines settle.
Commodity/forex/crypto market prices
Price (US) Move Gold: $3,384.67 -1.40% Silver: $36.31 0.01% Iron ore: $95.23 -0.16% Nickel: #N/A #N/A Copper: $9,613.00 1.40% Zinc: #N/A #N/A Lithium carbonate 99.5% Min China Spot: $8,150.00 0.00% Oil (WTI): $71.48 -2.06% Oil (Brent): $73.02 -1.63% AUD/USD: $0.6524 0.53% Bitcoin: $108,632 3.90%
What got you talking
Also in the news…
AnteoTech (ASX:ADO) has entered an agreement with Swiss Wyon AG to evaluate its Ultranode tech for medical applications.
Health Check: A pancreatic cancer 'cure' has been elusive, but Amplia (ASX:ATX) may have cracked the nut.
TRADING HALTS
Blaze Minerals (ASX: BLZ) – cap raise & acquisition
D3 Energy (ASX:D3E) – potential asset acquisition
Emyria (ASX:EMD) – material commercial deal & cap raise
European Lithium (ASX:EUR) – funding transaction for Greenland project
Lithium Universe (ASX:LU7) – acquisition & cap raise
Simble Solutions (ASX:SIS) – cap raise
St Barbara (ASX:SBM) – production guidance update & mining lease renewal
Turaco Gold (ASX:TCG) – cap raise
X2M Connect (ASX:X2M) – cap raise
At Stockhead, we tell it like it is. While AnteoTech and Brightstar Resources are Stockhead advertisers, they did not sponsor this article.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Originally published as Rise and Shine: Everything you need to know before the ASX opens
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Perth Now
34 minutes ago
- Perth Now
Wall Street slips as Middle East conflict escalates
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The Advertiser
4 hours ago
- The Advertiser
Stocks dip, oil rallies as Mideast tensions rise
Stocks fell, while oil and gold have risen, as fighting between Israel and Iran entered a fifth day, raising investor concerns over the risk of a broader regional conflict in a week packed with key central bank decisions. US President Donald Trump urged everyone to evacuate Tehran and cut short his visit to the Group of Seven summit in Canada, while a separate report said he had asked for the National Security Council to be prepared in the situation room. S&P 500 futures initially dropped 0.7 per cent before paring some of those losses, while crude prices rose as much as 2.2 per cent to a high of $US74.85 ($A114.45) a barrel, bringing gains in the last week to around 11 per cent. Adding another layer of complexity for investors this week is a raft of central bank meetings, starting with the BOJ and including the Federal Reserve, Bank of England and Swiss National Bank. "Investors are trying to take all this on board. It is very difficult at the moment, I think. And there's an understandable degree of nervousness. Should I really be holding on to these stocks now at these levels?" Chris Beauchamp, chief market analyst at IG, said. "Once the central bank parade is out of the way, then we might get a better sense of where they view things." The heightened uncertainty kept investors flocking to traditional safe-haven assets, as a rise in US Treasuries pushed yields lower across the curve, while gold prices edged up 0.3 per cent. Stocks in Europe sagged, leaving the STOXX 600 down 0.7 per cent on the day and around its lowest in three weeks, while euro zone government bond yields held steady. The major concern for investors with the conflict between Israel and Iran is the potential for it spill over into the broader Middle East, home to a large portion of the world's oil supply. 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"The slower pace of bond tapering was what the market had hoped for and it help prevent long-term interest rates from shooting up," Saisuke Sakai, a senior economist at Mizuho Research and Technologies said. Meanwhile, the Federal Reserve is expected to hold rates steady on Wednesday but the focus yet again will be on the path Fed Chair Jerome Powell charts for future rate cuts as policymakers try to navigate Trump's tariff policies and their global impact. Traders are pricing in two cuts by the end of the year. Investors also monitored developments on trade deals with Trump's early July deadline on tariffs fast approaching. Tariff talks between Japan and the United States on the sidelines of the G7 summit fell short of a breakthrough, while a deal with Britain left unresolved the issue of steel and aluminium duties. Gold, which has gained 30 per cent so far this year, was up another 0.1 per cent at $US3,385 ($A5,176) an ounce. Stocks fell, while oil and gold have risen, as fighting between Israel and Iran entered a fifth day, raising investor concerns over the risk of a broader regional conflict in a week packed with key central bank decisions. US President Donald Trump urged everyone to evacuate Tehran and cut short his visit to the Group of Seven summit in Canada, while a separate report said he had asked for the National Security Council to be prepared in the situation room. S&P 500 futures initially dropped 0.7 per cent before paring some of those losses, while crude prices rose as much as 2.2 per cent to a high of $US74.85 ($A114.45) a barrel, bringing gains in the last week to around 11 per cent. Adding another layer of complexity for investors this week is a raft of central bank meetings, starting with the BOJ and including the Federal Reserve, Bank of England and Swiss National Bank. "Investors are trying to take all this on board. It is very difficult at the moment, I think. And there's an understandable degree of nervousness. Should I really be holding on to these stocks now at these levels?" Chris Beauchamp, chief market analyst at IG, said. "Once the central bank parade is out of the way, then we might get a better sense of where they view things." The heightened uncertainty kept investors flocking to traditional safe-haven assets, as a rise in US Treasuries pushed yields lower across the curve, while gold prices edged up 0.3 per cent. Stocks in Europe sagged, leaving the STOXX 600 down 0.7 per cent on the day and around its lowest in three weeks, while euro zone government bond yields held steady. The major concern for investors with the conflict between Israel and Iran is the potential for it spill over into the broader Middle East, home to a large portion of the world's oil supply. No disruptions to crude supply have been reported yet, although news of a collision between two ships in the Gulf of Oman sent another brief jolt through the oil market overnight. The Bank of Japan, the first major central bank to decide on monetary policy this week, left short-term interest rates unchanged at 0.5 per cent as expected. The central bank said it would slow the pace at which it is unwinding its massive holdings of government bonds to avoid disrupting the market. Weak demand for Japanese government bonds (JGBs) at recent auctions, along with concern about the country's finances, sent longer-dated borrowing costs spiralling to record highs last month. The yen strengthened modestly, leaving the dollar down 0.1 per cent at 144.725, while yields on 10-year bonds rose 2.5 bps to 1.475 per cent, as the BOJ's outlook suggested there would be less support for shorter-dated paper. "The slower pace of bond tapering was what the market had hoped for and it help prevent long-term interest rates from shooting up," Saisuke Sakai, a senior economist at Mizuho Research and Technologies said. Meanwhile, the Federal Reserve is expected to hold rates steady on Wednesday but the focus yet again will be on the path Fed Chair Jerome Powell charts for future rate cuts as policymakers try to navigate Trump's tariff policies and their global impact. Traders are pricing in two cuts by the end of the year. Investors also monitored developments on trade deals with Trump's early July deadline on tariffs fast approaching. Tariff talks between Japan and the United States on the sidelines of the G7 summit fell short of a breakthrough, while a deal with Britain left unresolved the issue of steel and aluminium duties. Gold, which has gained 30 per cent so far this year, was up another 0.1 per cent at $US3,385 ($A5,176) an ounce. Stocks fell, while oil and gold have risen, as fighting between Israel and Iran entered a fifth day, raising investor concerns over the risk of a broader regional conflict in a week packed with key central bank decisions. US President Donald Trump urged everyone to evacuate Tehran and cut short his visit to the Group of Seven summit in Canada, while a separate report said he had asked for the National Security Council to be prepared in the situation room. S&P 500 futures initially dropped 0.7 per cent before paring some of those losses, while crude prices rose as much as 2.2 per cent to a high of $US74.85 ($A114.45) a barrel, bringing gains in the last week to around 11 per cent. Adding another layer of complexity for investors this week is a raft of central bank meetings, starting with the BOJ and including the Federal Reserve, Bank of England and Swiss National Bank. "Investors are trying to take all this on board. It is very difficult at the moment, I think. And there's an understandable degree of nervousness. Should I really be holding on to these stocks now at these levels?" Chris Beauchamp, chief market analyst at IG, said. "Once the central bank parade is out of the way, then we might get a better sense of where they view things." The heightened uncertainty kept investors flocking to traditional safe-haven assets, as a rise in US Treasuries pushed yields lower across the curve, while gold prices edged up 0.3 per cent. Stocks in Europe sagged, leaving the STOXX 600 down 0.7 per cent on the day and around its lowest in three weeks, while euro zone government bond yields held steady. The major concern for investors with the conflict between Israel and Iran is the potential for it spill over into the broader Middle East, home to a large portion of the world's oil supply. No disruptions to crude supply have been reported yet, although news of a collision between two ships in the Gulf of Oman sent another brief jolt through the oil market overnight. The Bank of Japan, the first major central bank to decide on monetary policy this week, left short-term interest rates unchanged at 0.5 per cent as expected. The central bank said it would slow the pace at which it is unwinding its massive holdings of government bonds to avoid disrupting the market. Weak demand for Japanese government bonds (JGBs) at recent auctions, along with concern about the country's finances, sent longer-dated borrowing costs spiralling to record highs last month. The yen strengthened modestly, leaving the dollar down 0.1 per cent at 144.725, while yields on 10-year bonds rose 2.5 bps to 1.475 per cent, as the BOJ's outlook suggested there would be less support for shorter-dated paper. "The slower pace of bond tapering was what the market had hoped for and it help prevent long-term interest rates from shooting up," Saisuke Sakai, a senior economist at Mizuho Research and Technologies said. Meanwhile, the Federal Reserve is expected to hold rates steady on Wednesday but the focus yet again will be on the path Fed Chair Jerome Powell charts for future rate cuts as policymakers try to navigate Trump's tariff policies and their global impact. Traders are pricing in two cuts by the end of the year. Investors also monitored developments on trade deals with Trump's early July deadline on tariffs fast approaching. Tariff talks between Japan and the United States on the sidelines of the G7 summit fell short of a breakthrough, while a deal with Britain left unresolved the issue of steel and aluminium duties. Gold, which has gained 30 per cent so far this year, was up another 0.1 per cent at $US3,385 ($A5,176) an ounce. Stocks fell, while oil and gold have risen, as fighting between Israel and Iran entered a fifth day, raising investor concerns over the risk of a broader regional conflict in a week packed with key central bank decisions. US President Donald Trump urged everyone to evacuate Tehran and cut short his visit to the Group of Seven summit in Canada, while a separate report said he had asked for the National Security Council to be prepared in the situation room. S&P 500 futures initially dropped 0.7 per cent before paring some of those losses, while crude prices rose as much as 2.2 per cent to a high of $US74.85 ($A114.45) a barrel, bringing gains in the last week to around 11 per cent. Adding another layer of complexity for investors this week is a raft of central bank meetings, starting with the BOJ and including the Federal Reserve, Bank of England and Swiss National Bank. "Investors are trying to take all this on board. It is very difficult at the moment, I think. And there's an understandable degree of nervousness. Should I really be holding on to these stocks now at these levels?" Chris Beauchamp, chief market analyst at IG, said. "Once the central bank parade is out of the way, then we might get a better sense of where they view things." The heightened uncertainty kept investors flocking to traditional safe-haven assets, as a rise in US Treasuries pushed yields lower across the curve, while gold prices edged up 0.3 per cent. Stocks in Europe sagged, leaving the STOXX 600 down 0.7 per cent on the day and around its lowest in three weeks, while euro zone government bond yields held steady. The major concern for investors with the conflict between Israel and Iran is the potential for it spill over into the broader Middle East, home to a large portion of the world's oil supply. No disruptions to crude supply have been reported yet, although news of a collision between two ships in the Gulf of Oman sent another brief jolt through the oil market overnight. The Bank of Japan, the first major central bank to decide on monetary policy this week, left short-term interest rates unchanged at 0.5 per cent as expected. The central bank said it would slow the pace at which it is unwinding its massive holdings of government bonds to avoid disrupting the market. Weak demand for Japanese government bonds (JGBs) at recent auctions, along with concern about the country's finances, sent longer-dated borrowing costs spiralling to record highs last month. The yen strengthened modestly, leaving the dollar down 0.1 per cent at 144.725, while yields on 10-year bonds rose 2.5 bps to 1.475 per cent, as the BOJ's outlook suggested there would be less support for shorter-dated paper. "The slower pace of bond tapering was what the market had hoped for and it help prevent long-term interest rates from shooting up," Saisuke Sakai, a senior economist at Mizuho Research and Technologies said. Meanwhile, the Federal Reserve is expected to hold rates steady on Wednesday but the focus yet again will be on the path Fed Chair Jerome Powell charts for future rate cuts as policymakers try to navigate Trump's tariff policies and their global impact. Traders are pricing in two cuts by the end of the year. Investors also monitored developments on trade deals with Trump's early July deadline on tariffs fast approaching. Tariff talks between Japan and the United States on the sidelines of the G7 summit fell short of a breakthrough, while a deal with Britain left unresolved the issue of steel and aluminium duties. Gold, which has gained 30 per cent so far this year, was up another 0.1 per cent at $US3,385 ($A5,176) an ounce.
Courier-Mail
6 hours ago
- Courier-Mail
Victoria's rising debt the constant in an uncertain world says Jeff Kennett
Don't miss out on the headlines from Opinion. Followed categories will be added to My News. Last week I wrote here about the sea of debt that is engulfing Australia, and particularly Victoria. Someone close to me on reading the column said, 'Here you go again, banging on about debt'. Of course I took on board her comments. However, many Australians under 40 seem to think government debt is just that – the government's debt, not theirs. As you drive around the state, as you suffer damage or worse to your car because it has hit one of thousands of potholes, as CFA equipment reaches museum status, as mental health services are reduced and so the list goes on, it is for one reason only. Debt in Victoria is grossly, indecently too high. The government is paying $28m a day in interest on its debt – more than $1m every hour. Some of that money could have fixed our roads, provided new CFA trucks and maintained our mental health services. Premier Jacinta Allan and Treasurer Jaclyn Symes are the new architects of Victoria's debt time bomb. Picture: David Crosling As the world seems to become more conflicted, causing so much pain and uncertainty, we Australians can be forever grateful that we live so far away from the rest of the world. That does not mean that we should be complacent. For tariffs, wars and the impact on the price of petrol, even perhaps its availability – not to mention the increase in energy prices from July 1, even the reliability of supply – could dramatically affect the comfort in which we live. If you wanted to travel overseas, where would you go? Fewer countries now provide a risk-free environment. As much as I would like to think that the leaders of the world would somehow meet to take the heat out of the international situation, it is unlikely to happen. Here in Australia, particularly at a federal level, I would like to think there will be a much more heightened bipartisanship, to ensure we as a country can get through the next couple of years. The speed of change is happening all around us. Australia is too small a population to not be affected by the international challenges. We have heard much about the AUKUS treaty recently, but what is Plan B if energy prices become unaffordable to households and industry, or our access to petroleum is severely restricted by availability or price? I can only suggest we prepare for the unexpected. If we do, we are better off. If my fears are not realised, we are still better off. Originally published as Jeff Kennett: In increasingly uncertain world, you can always relay on Victoria's debt
