SUMANSPEAKS  |  ESTD 2006  |  CAPITAL MARKETS INTELLIGENCE JUNE 2025  |  MACROECONOMICS & GLOBAL FINANCE SumanSpeaks Independent Capital Markets Intelligence  ·  Estd 2006 sumanspeaks.blogspot.com Macro Currents  |  Currency Architecture  |  Geopolitical Finance The Multipolar Currency Dream Meets Economic Reality Why the rupee's march to global trade currency status will be measured in decades, not headlines Much has been written about the emergence of a multipolar currency system and the gradual erosion of US dollar dominance. The narrative is undeniably seductive: greater monetary sovereignty, reduced exposure to American sanctions architecture, and a s...
All Ordinaries looks to open higher
ASX SPI 200 futures are currently 24 points higher at 4993 an hour before the open, with Australian equities poised to follow global bourses into the green.

Also supporting Australian equities today is a stronger gold price, which hit a 3-1/2-week high of $1,616.36 an ounce on Friday.

U.S. stocks gain:

U.S. stocks rose on Friday in spite of the banking crisis in Cyprus, paring the second weekly drop of the year for the Standard & Poor’s 500 Index, as Nike Inc. (NKE) and Tiffany & Co. (TIF) beat earnings estimates and optimism.

The S&P 500 (SPX) advanced 0.7 percent to 1,556.89 in New York, trimming its weekly loss to 0.2 percent.

The Dow Jones Industrial Average increased 90.54 points, or 0.6 percent, to 14,512.03 today.

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