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Australian Stock Market News & Analysis

Global Markets Report - 17 June
17 June 2024

Australian shares are set to open lower, after a mixed session on Wall St, and a selloff in Europe.

ASX futures were down 0.2% or 17 points as of 8:00am on Monday, suggesting a lower open.

U.S. stocks held their ground Friday, capping a week of strong gains on a cautious note.

The Nasdaq Composite rose 0.1% to a fresh high, bringing its weekly gain to 3.2%. The S&P 500 slipped from its record, but logged a weekly gain of 1.6%. The Dow Jones Industrial Average also declined, shedding 0.5% for the week.

In commodity markets, Brent crude oil was down 0.2% to US$82.62 a barrel, while gold was up 1.3% at US$2,333.04.

In local bond markets, the yield on Australian 2 Year government bonds was down at 3.90% while the 10 Year yield was also down at 4.12%. US Treasury notes were mixed, with the 2 Year yield unchanged at 4.70% and the 10 Year yield down at 4.22%.

The Australian dollar was 66.12 US cents. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was up at 100.07.


Price/fair value

Country
Current
1 year ago
Australia 1.03 0.96
New Zealand 0.98 0.97

Markets

Index
Last price
Change
% Change
All Ordinaries 7,943.60 31.20 -0.39%
CAC 40 7,571.57 68.30 0.91%
DAX 40 18,068.21 66.19 0.37%
Dow JONES (US) 38,741.55 152.39 0.39%
FTSE 100 8,142.15 4.71 -0.06%
HKSE 17,936.12 5.66 -0.03%
NASDAQ 17,876.58 187.70 1.06%
Nikkei 225 38,102.44 712.12 -1.83%
NZX 50 Index 11,698.51 166.38 -1.40%
S&P 500 5,476.76 45.16 0.83%
S&P/ASX 200 7,700.30 24.00 -0.31%
SSE Composite Index 3,015.89 16.74 -0.55%