ASX Today: rise & shine – Covid fears drives mixed signals

ASX Today: rise & shine – Covid fears drives mixed signals

ASX Today: rise & shine – Covid fears drives mixed signals

Good morning!

Here is today’s morning wrap up:

US Exchange

Concerns about the Covid-19 delta variant and a faltering US economy eclipsed anticipation about more fiscal stimulus on Monday, sending US stock markets in a mixed bag. Over the weekend, US senators unveiled a bipartisan infrastructure measure. Over the next five years, the law will add a total of US$550 billion in new spending. Square’s stock has increased by 10.2 percent after it said it would purchase Australian buy-now, pay-later company Afterpay for US$29 billion

The Dow Jones moved lower with a -0.28% move or -97.310 points. The S&P 500, moving -0.18% or -8.100 points. Based on technology, the Nasdaq was up overnight, closing with a +0.06% gain or +8.391 points.


ASX Today

This morning, the Australian stock market is projected to start Tuesday lower. The ASX 200 is predicted to open the day 19 points or 0.19 percent lower today, according to the latest SPI futures.


Day trading Thread Now Open – August 3rd

Each trading day, we feature breakfast from around the world as we discuss which trading opportunities present themselves. Today we discover traditional Malta’s food. Click here to post your thoughts.


Trading Halts

Companies listed below are currently in a trading halt and are expected to resume trading within the next few trading days:

Tuesday

Fiji Kava (ASX:FIJ) – capital raising
IODM (ASX:IOD) – revenue signing
Strike Resources (ASX:SRK) – regulatory approval
Paradigm Biopharmaceuticals (ASX:PAR) – response from FDA
West Wits Mining (ASX:WWI) – capital raising
Cradle Resources (ASX:CXX) – shareholder meeting outcome
Vulcan (ASX:VUL) – off take term sheet
Frontier Resources (ASX:FNT) – capital raising
IPB Petroleum (ASX:IPB) – capital raising

Wednesday  

8common (ASX:8CO) – capital raising
Atrum Coal (ASX:ATU) – capital raising
ResApp (ASX:RAP) – licensing agreement
AustChina Holdings (ASX:AUH) – capital raising
Comet Ridge (ASX:COI)– acquisition
Bowen Coking Coal (ASX:BCB) – capital raising & acquisition 
eMetals (ASX:EMT) – drill results
Eastern Iron (ASX:EFE) – project acquisition option 
QEM (ASX:QEM) – capital raising


Commodities

CommodityLastOpenHighMov%Units
Brent Crude Oil 73.1476.376.3-2.62%USD/BBL
Crude Oil 71.5173.773.9-3%USD/BBL
Iron ore191197197-3.05%USD/MT
Palladium2,677.712,660.502,690.530.78%USD/t oz
Coal150.15148.1150.150.15%USD/MT
Uranium32.332.532.5-0.31%USD/LBS
Gold1,813.211,813.251,819.160.01%USD/t oz
Copper4.434.474.52-0.89%USD/t oz
Silver25.425.4825.61-0.35%USD/t oz
Nickel19,54719,345.5019,5471.04%USD/t oz
Data taken from IRESS

Other News

  • As close contacts fade, Victoria records four new local Covid-19 cases. – News
  • According to experts, the Greater Sydney lockdown will not be lifted in four weeks. – News

That is this morning’s ASX wrap-up; as always, stay safe and happy trading.

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