The ASX Small Caps market is expected to open higher on Friday, with the ASX 200 projected to rise by 0.7% at market opening. This comes as US tech stocks, including [Tech Stock], experienced significant declines. The negative sentiment in US tech stocks is likely to impact the ASX market, but the rise in the ASX 200 suggests some resilience. [e7ab8975]
In other news, former US President Donald Trump has been found guilty on all 34 counts of falsifying business records. Despite the conviction, Trump is still eligible to run for president. This development has significant implications for the political landscape in the US and may have ripple effects on the global economy. [e7ab8975]
Additionally, there are several ASX small caps to watch. AVITA Medical (ASX:AVH), Eden Innovations (ASX:EDE), Voltaic Strategic Resources (ASX:VSR), Spacetalk (ASX:SPA), and Sparc Technologies (ASX:SPN) are among the companies that investors should keep an eye on. These small caps have the potential for growth and may present investment opportunities. [e7ab8975]
European stocks and the FTSE 100 are mixed following the guilty verdict for former US president Donald Trump. The FTSE 100 and the CAC rose 0.1% in early trade, while Germany's DAX fell 0.1%. The pan-European STOXX 600 was almost flat. Trump was found guilty on 34 counts of falsifying business records, which means he will be banned from voting in Florida but not from running for US presidency later this year. Trump Media's stock price fell more than 6% in premarket trade. In the UK, party leaders are continuing their campaigns. [caa7a906]
Shares of Trump Media & Technology Group (DJT) dropped about 5% one day after former President Donald Trump's conviction on all 34 counts of falsifying business records. Trump Media, the parent company of Truth Social, went public on the Nasdaq in March and has seen shares fall roughly 15% since then. The company reported sales of just over $4 million and net losses of nearly $60 million for the full year ending Dec. 31. Trump maintains a roughly $4 billion stake in Truth Social. Trump will be sentenced on July 11 and faces up to four years in prison on each count. [ccdf6700]