ASX Today: rise & shine – dow down ahead of fed news

ASX Today: rise & shine – dow down ahead of fed news

ASX Today: rise & shine – dow down ahead of fed news

Good morning!

Here is today’s morning wrap up:

US Exchange

Overnight the US markets took a turn ahead of the conclusion of the Federal Reserve’s two-day meeting. The Dow Jones slipped lower overnight with a -0.77% move or -265.66 points. The S&P 500 lost overnight, moving -0.54% or -22.89 points. Based on technology, the Nasdaq was down overnight, with a -0.24% loss or -33.17 points.

  • Tesla (TSLA) up overnight with a +0.92% gain or +5.51 dollars,
  • Apple (AAPL) up overnight with a +0.39% gain or +0.51 dollars,
  • Amazon (AMZN) up overnight with a +0.95% gain or +32.12 dollars per share,
  • Microsoft (MSFT) down overnight with a -0.38% loss or -0.98 dollars per share,

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ASX Today

This morning, the Australian stock market is projected to start Thursday higher. The ASX 200 is predicted to open the day 6 points or 0.08 percent higher, according to the latest SPI futures.

June 16h ASX Wrap Up (LInk here)

On the ASX today, the S&P/ASX 200 experienced a higher high and close as a nice recovery allowed for the winning streak to continue. The ASX200 hit a new high of 7406.200 before retreating and closing the day at 7,386.200 +0.91% gain or +6.70 points.


CryptoCurrency

“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” Elon Musk drives bitcoin prices higher with his recent comments.

Bitcoin: US$38,843.46 down -2.93% in 24hrs (Taken from Coindesk data),
Ethereum: US$2,413.13 down -4.83% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.311068 down -3.19% in 24hrs (Taken from Coindesk data),


What stocks to watch today

The stocks to watch for the ASX today are yesterday’s best gainers; these are listed on our daily wrap-up of each trading day. For a wrap-up of the previous trading, day Gainers clickhere.


Day trading Thread Now Open – June 17th

Each trading day, we feature breakfast from around the world as we discuss which trading opportunities present themselves. Today we discover a traditional Bahraini breakfast. 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:

Thursday

Firefinch (FFX.ASX) – development partner
Irongate (IAP.ASX) – capital raising and acquisition
King River Resources (KRR.ASX) – pre-feasibility study completion
Wingara (WNR.ASX) – legal correction
Jayride (JAY.ASX) – capital raising

Friday

Pentanet (ASX:5GG) – capital raising
BSP Financial Group (ASX:BFL) – regulatory matters in PNG
OreCorp (ASX:ORR) – capital raising
Emperor Energy (ASX:EMP) – capital raising
Creso Pharma (ASX:CPH) – acquisition


Upcoming Floats

Flynn Gold Limited – 17 June 2021 10:30 AM AEST

Listing date17 June 2021 10:30 AEST ##
Company contact detailshttps://flynngold.com.au/
Ph: (03) 9692 7222
Principal ActivitiesMineral Exploration
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeFG1
Capital to be Raised$10,000,000

Gefen International A.I Limited – 17 June 2021

Listing date17 June 2021 #
Company contact detailshttps://gefentechnologies.com/Ph: =972 507 421 831
Principal ActivitiesDigital platform marketplace provider
GICS industry groupTBA
Issue Price$1.00
Issue TypeOrdinary Fully Paid Shares
Security codeGFN
Capital to be Raised$25,000,000

Commodities

CommodityLastMov%Units
Brent Crude Oil 73.88-0.58%USD/BBL
Crude Oil 72.15-0.43%USD/BBL
Iron ore2220.45%USD/MT
Palladium2,797.351.25%USD/t oz
Coal118.251.72%USD/MT
Uranium32.35-0.46%USD/LBS
Gold1,811.43-2.50%USD/t oz
Copper4.27-1.61%USD/t oz
Silver26.98-2.53%USD/t oz
Nickel17,704.50-4.04%USD/t oz
Live data taken from IRESS

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Other News

  • Gladys Berejiklian delivers an update on COVID-19 amid concern that NSW limitations would be reinstated. – 7 News
  • Long lines for testing have formed as a result of two new Sydney incidents. –9 News
  • As unrest escalates, Israeli airstrikes hit Gaza, and Palestinians retaliate with fire-carrying balloons. – ABC
  • Ronaldo’s press conference stunt wiped $5.2 billion off Coca-Cola’s market value. – News
  • In the span of 24 hours, Victoria has recorded five new COVID instances. – ABC
  • Coronavirus restrictions in Victoria are expected to be lifted today. – News
  • ‘It makes no difference,’ says an Australian WWII POW on his 100th birthday. – 9 News
  • China has been declared a worldwide security threat by NATO leaders. – 9 News
  • When asked about calling Vladimir Putin a “killer” ahead of their meet, Joe Biden responds awkwardly. – News
  • Australia and Singapore have agreed to collaborate on developing a ‘safe and calibrated’ travel bubble. – ABC
  • ‘No one can guarantee your money,’ says a crypto expert. – Yahoo
  • Our Facebook group has grown substantially! Don’t miss a thing. Join the FREE group here.

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

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