Rise and Shine: Everything you need to know before the ASX opens

Good morning everyone and welcome to Rise and Shine on Wednesday, June 11, 2025. Here’s what you should know before the ASX opens today…

The ASX is tipped to open higher on Wednesday, with futures pointing up 0.45% at 7am AEST, putting us back on track to crack that 8,600 mark.

Wall Street lifts

Overnight, the S&P 500 rose 0.55%, the Nasdaq jumped 0.63%, and the Dow edged up 0.25%, all helped along courtesy of ongoing US-China trade along talks in London.

Nothing’s signed, sealed, or delivered yet, but when Commerce Secretary Howard Lutnick says negotiations went “really, really well,” markets listen.

Tech stocks led the charge.

Meta’s Zuckerberg is apparently building a brainiac team to chase general artificial general intelligence. He’s personally headhunting 50 top talents, and even moved their desks closer to his at HQ to keep a close eye on the mission.

If the bulls stay in charge, we could see our own ASX tech names and risk-on sectors get a bit of a tailwind today.

But a word of caution. Bank of America says institutional sellers have now offloaded stocks for five straight weeks, the biggest sustained dump since 2017.

US-China trade talks: optimism or déjà vu?

American and Chinese officials are still holed up in London, working late into the night and hinting they might go a third round.

The message is that talks are “progressing,” but no one’s breaking out the champagne just yet.

One Treasury official said they’re ironing out “technical details.” Which, in trade talk code, means it’s still delicate.

If this détente sticks, even in the vague, non-committal way trade deals sometimes do, Aussie exporters could breathe easier.

Gold stays shiny

Gold prices are holding above US$3,300 an ounce, a modest gain, but enough to suggest investors are still buying a bit of insurance.

Yes, trade talks are warming up, but US inflation data is coming tonight, and no one wants to be caught with their pants down.

Traders are bracing for a potential CPI surprise.

CPI in the crosshairs

And now, the main event: US CPI for May, dropping late tonight our time (10:30pm AEST).

This one’s big, and will set the tone for global markets into the weekend.

Goldman Sachs reckons core inflation rose 0.25% in May, just shy of the 0.3% consensus.

That would land year-on-year core CPI at 2.89%,  still sticky, but not alarm bells.

Deutsche Bank and Citi aren’t buying the soft-landing fairytale.

Both warn the Fed may need to keep rates higher for longer, which could weigh on borrowing, markets, and consumer sentiment.

Commodity/forex/crypto market prices

What got you talking

Also in the news…

Biotech investors await the fallout from US Health Secretary RFK’s “extraordinary” move to sack all 17 members of a powerful vaccines panel.

DXN’s $4.6m Hawaii win shows modular data centres are going mainstream. They’re faster, cheaper, and now firmly on investor radars.

TRADING HALTS

Aureka Ltd (ASX: AKA) – cap raise
Island Pharmaceuticals Ltd (ASX: ILA) - pending announcement
dorsaVi Ltd (ASX: DVL) – pending licence agreement and cap raise
Kinetiko Energy Ltd (ASX: KTE) – cap raise
McLaren Minerals Ltd (ASX: MML) – cap raise
SSH Group Ltd (ASX: SSH) – cap raise
Australian Critical Minerals (ASX: ACM) – acquisition and cap raise
Southern Palladium Ltd (ASX: SPD) – cap raise
Johns Lyng Group Ltd (ASX: JLG) – potential change of control
FOS Capital Ltd (ASX: FOS) – acquisition and cap raise

At Stockhead, we tell it like it is. While Firetail Resources is a Stockhead advertiser, it did not sponsor this article.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.