Australia’s ASX 200 index fell by 0.09% on Friday morning and followed the weakness in the American futures. The Dow Jones Mini fell 39 points after Thursday’s withdrawal when investors put their attention to the American job report.
Gold and oil-related shares compensation profit for the bank, mining and technical sectors.
Northern Star Resources Ltd. (NST) Fell by 2.15% after the gold prices fell 0.39% to $ 2,856 on 6 February. Woodside Energy Group (WDS) fell by 0.64% as the oil prices were lower.
Outlook: Risks and opportunities for the bow
Looking ahead, geopolitical tensions, tariff developments in the US and the global AI race crucial market factors remain. AI shares can expand their rally if the competition in the sector warms up, while commercial-sensitive industries, including mining and production, can be confronted with increased volatility.
If China promotes commercial interviews with the US and expands AI initiatives, Hong Kong, the mainland of China and the Australian markets could benefit. However, escalating trade tensions can overshadow AI-driven optimism, which contributes to broader market insecurity.
Discover strategies to navigate this week’s market trends here.