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

Good morning everyone and welcome to Rise and Shine on Friday, June 13, 2025. Here’s what you should know before the ASX opens today…

The ASX is tipped to open higher on Friday, with futures pointing up by 0.5% at 7am AEST.

Wall Street tiptoes higher on cool inflation

Overnight, US stocks wandered higher after another inflation print that barely moved the needle.

The S&P 500 rose 0.4%, while the Nasdaq and the Dow inched up around 0.2%.

Producer prices  (PPI) in the US nudged up just 0.1% in May, cooler than economists expected. For the Fed Reserve, this could be a green light to keep loitering near the rate-cut switch.

In US stocks news, Oracle jumped after forecasting a 70% surge in cloud infrastructure sales.

Arm Holdings’ CEO warned that US export controls on China are choking innovation, echoing recent concern from Nvidia’s Jensen Huang.

Boeing, of course, made headlines for all the wrong reasons (more on that below).

Boeing shares whacked after India crash

Boeing shares dropped 5% overnight after a tragic crash in Ahmedabad, India that killed hundreds – marking the first total loss of a 787 Dreamliner since the model first took flight in 2011.

The aircraft had just passed its billionth passenger milestone, but now, headlines are circling for all the wrong reasons.

It’s not the same jet as the infamous 737 Max. And so far, there’s no evidence pointing to a manufacturing fault, but black box data will tell more.

The timing for the plane maker couldn’t be rougher, though. Boeing has only just begun to clean up from a stretch of PR and safety nightmares – doors flying off mid-flight, whistleblower fallout, lawsuits, and internal chaos.

CEO Kelly Ortberg, hauled out of retirement to stabilise the ship, now faces another round of damage control.

Cathie Wood: Risk is back, baby

Cathie Wood’s back on the mic, this time from Oxford’s Founders Forum, saying corporate America is warming up to risk again.

With Trump dangling tax cuts and deregulation, Wood says we’re seeing a “reinvigoration of capital expenditure,” citing Meta’s AI investments as a prime example.

She’s not wrong. Markets are inching toward all-time highs, and company spending is on the rise.

But here’s the thing, executives are selling. A lot.

In June alone, 778 US S&P 500 insiders dumped stock while just 200 bought in –  a buy/sell ratio that’s slumped to its lowest since Trump’s reelection rally.

Gold glows brighter

Gold has been working its way quietly back into the limelight, and overnight it rallied 1% to as high as US$3,388/oz, its highest in over a month.

Now just a whisker away from the US$3,400 mark, the yellow metal’s benefitting from a perfect storm of soft inflation, rate cut bets, and the usual geopolitical chaos.

This time it’s Israel and Iran circling each other again.

Trump reckons there’s a “chance” of conflict, though not an “imminent” one, a quote that does exactly nothing to soothe global markets.

Commodity/forex/crypto market prices

What got you talking

Also in the news…

Uranium stocks are on the rise as Trump’s nuclear push, surging AI demand, and China’s aggressive buying spark a global scramble for long-term supply.

Platinum and palladium are turning a corner as deepening deficits, resilient auto demand and renewed investor interest drive a quiet recovery in the space.

Invicta House proves heritage can shine with the right vision, timing and flexible funding from private credit.

Albo’s backing gas and Queensland’s busy, but slow approvals and mixed signals still spook investors.

TRADING HALTS

4DS Memory (ASX:4DS) – pending interim analysis
Australian Strategic Materials (ASX:ASM) – cap raise
Boab Metals (ASX:BML) – cap raise
Clara Resources (ASX:C7A) – cap raise
Finder Energy (ASX:FDR) – alliance announcement
FMR Resources (ASX:FMR) – cap raise
Hazer Group (ASX:HZR) – cap raise
Juno Minerals (ASX:JNO)– asset divestment
Mayur Resources (ASX:MRL) – pending PNG SEZ licence
Southern Hemisphere Mining (ASX:SMN) – JV agreement
Tali Digital (ASX:TD1) – acquisition & cap raise
West Wits Mining (ASX:WWI) – cap raise

At Stockhead, we tell it like it is. While Aura Energy,  QPM Energy, Omega Oil and Gas, Comet Ridge and BPH Energy , and Zagga, 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.