ASX Market Open: Oz shares heading for W50 weekly gains with Friday rally | Dec 12

Market Overview - The Australian stock market (ASX) is expected to end the week on a positive note, with futures up by 1% as of Friday morning [1] - The S&P 500 and Dow Jones indices closed higher, with increases of 0.2% and 1.3% respectively, while the Nasdaq composite fell by 0.25% [3] Company News - BHG Capital is speculated to be preparing a takeover offer for Webjet Ltd (ASX:WEB), motivated by the company's cash reserves of $110 million [4] - The Australian Competition and Consumer Commission (ACCC) has rejected Insurance Australia Group's (ASX:IAG) proposal to acquire the Royal Automobile Club of Western Australia for $855 million [4] - Dexus (ASX:DXS) has completed the acquisition of Westfield Chermside for $683 million [4] Mining Sector - Black Cat Syndicate (ASX:BC8) is acquiring strategic tenements near Lakewood, while GreenX Metals (ASX:GRX) has activated an option to acquire 90% of Group 11, which holds several Tannenberg licenses, providing significant potential in Germany [5] Commodity Prices - The Australian dollar is trading at 66.6 U.S. cents [6] - Iron ore prices decreased by 1% to $101.75 per tonne, Brent crude oil fell by 1% to $61.56 per barrel, and gold is priced at $4,282 per ounce [6]