The ASX will likely fall in early trading – ASX Futures are down 21.6 points or 0.28% as of 8:40 am (AEST) this morning, continuing yesterday’s downward trend.
Energy and particularly uranium stocks were the only real winners yesterday – the bourse looked like it might be set for a day in the green overnight; futures were up 0.11% as of about 10pm but with the US market closed for the Juneteenth holiday, momentum reversed into another slide.
Tex Mex-inspired fast food chain Guzman Y Gomez will list on the ASX at noon today, having raised $335 million in its initial public offering, the most successful Aussie IPO in almost a year.
On the other side of the ledger, HSBC stocks may experience some movement today, after it was revealed the company violated money laundering regulations in Switzerland.
What happened overnight?
It was a mixed bag for European markets overnight, with indices mostly falling.
The UK FTSE100 was the exception, gaining 0.17%. The FTSE300 moved in the opposite direction, shedding 0.15%.
The French CAC shed 0.77%, the German DAX 0.35% and the pan-European STOXX 600 0.17%.
US futures are also mixed at present, with some upward movement likely for the Nasdaq (+0.19%) and perhaps the S&P500 (+0.03%) but not for the Dow Jones (-0.16%).
There was little movement in the commodities market overnight with US markets closed – West Texas crude dipped 0.12%, gold marginally lifted (0.08%), and base metals also received a small bump, with copper futures up 0.51% and aluminium 0.22%.
On the small cap front
The ASX Small Ordinaries lifted 0.21% or 6 points yesterday, beating the ASX200’s 0.12% dip.
You can read about the following and more throughout the day on our website.