Heads up, it looks like global interest rates might rise before 2024 after all.

The central bank that manages the world’s reserve currency — the US Fed — met for its latest policy announcement overnight.

And the main take from analysts was that its outlook was a bit more hawkish than expected.

Until last night, the Fed had stuck firm to its stance that rates won’t climb off the mat for another three years.

But the latest consensus forecast from Fed committee members shows they now think there will be two rate rises in 2023.

US stocks fell by more than 1% before the S&P500 climbed back to finish 0.5% lower, and the ASX200 is down by around the same amount in morning trade today.

With inflation rising through the middle of this year, the outlook for stocks may now shift to whether strong economic growth and rising company profits can offset the prospect of tighter liquidity settings.

The US dollar rose in the wake of the Fed announcement which saw USD-denominated gold take a hit, while Bitcoin fell back below US$40,000.

And the AUD got a boost after a booming jobs print which saw monthly employment levels rise by 115,000, against a forecast rise of just 30,000.

The ASX microcap Emerging Companies index fell again, and is on track for its third straight daily decline of more than 1%.
 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Thursday, June 17:

Swipe or scroll to reveal the full table. Click headings to sort.

Gains this morning were led by organic fertiliser company Fertoz Ltd (ASX:FTZ), which jumped by around 50% to 12c.

The company said it received more positive updates from a two-year field study combining its organic rock phosphate with potash fertilisers.

The use of the phosphate allows customers to reduce the carbon footprint from their fertiliser use, and FTZ said its resulted in increased customer activity in Canada and Europe, where existing carbon taxes are expected to drive demand for low-carbon solutions.
 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Thursday, June 17:

Swipe or scroll to reveal the full table. Click headings to sort.

CODE NAME PRICE % CHANGE VOLUME MARKET CAP
NPM Newpeak Metals 0.0015 -25 2,754,584 $11,408,323
NTL New Talisman Gold 0.003 -25 151,119 $11,168,901
SIT Site Group Int Ltd 0.01 -23 2,600,000 $10,936,187
AFR African Energy Res 0.022 -21 7,305 $17,442,898
LHM Land Homes Grp Ltd 0.012 -20 51,735 $15,740,839
FG1 Flynngold 0.16 -20 2,738,378 $12,000,000
STM Sunstone Metals Ltd 0.014 -18 7,837,564 $37,569,790
BAS Bass Oil Ltd 0.0025 -17 1,565,830 $10,026,420
BSM Bass Metals Ltd 0.005 -17 2,102,532 $26,308,742
CCE Carnegie Cln Energy 0.0025 -17 1,266,871 $44,107,721
VIC Victory Mines Ltd 0.0025 -17 1,969,638 $16,704,758
WOO Wooboard Tech Ltd 0.0025 -17 350,069 $11,466,488
MHI Merchant House 0.077 -14 12,884 $8,483,985
TEG Triangle Energy Ltd 0.024 -14 11,145,242 $17,381,377
IGN Ignite Ltd 0.054 -14 157,579 $5,643,677
AUQ Alara Resources Ltd 0.013 -13 123,795 $10,581,439
HIQ HitIQ Limited 0.2 -13 2,193,094 $26,002,922
JAY Jayride Group 0.24 -12 227,666 $33,756,889
ORR Orecorp Ltd 0.825 -13 39,555 $302,784,565
AEV Avenira Limited 0.007 -13 1,242,857 $6,902,823
AO1 Assetowl Limited 0.007 -13 20,691,916 $6,492,041
HNR Hannans Ltd 0.007 -13 575,000 $18,879,818