ASX Today: rise & shine – Dow record high as second-day gains in US market

ASX Today: rise & shine – Dow record high as second-day gains in US market

ASX Today: rise & shine – Dow record high as second-day gains in US market

Good morning!

Here is today’s morning wrap up:

US Exchange

On Monday, the stock market reached new highs. Investors eagerly anticipate the start of earnings season. On Tuesday, Goldman Sachs and JP Morgan Chase disclose earnings, as well as inflation statistics. Financials increased by 1.0 percent, while real estate increased by 0.9 percent.

The Dow Jones moved higher Monday with a +0.36% move or +126.020 points. The S&P 500 also, moving +0.35% or +15.080 points. Based on technology, the Nasdaq followed overnight, closing with a +0.21% gain or +31.321 points.

US Treasury

It rained on Monday (yields higher). The US Treasury sold $58 billion in 3-year notes at a rate of 0.0426 percent, which were in high demand (previous 0.0325 percent ). In addition, the US Treasury sold US$38 billion of 10-year notes at a high yield of 1.371 percent (formerly 1.497 percent), which were in considerable demand. The yield on the 10-year US Treasury note increased by one basis point to 1.37 percent. In addition, US 2-year rates increased by one basis point to 0.23 percent.


ASX Today

This morning, the Australian stock market is projected to start Tuesday higher. The ASX 200 is predicted to open the day 20 points or 0.28 percent higher today, according to the latest SPI futures.

Previous Day ASX Wrap Up (LInk here)

Following a positive start from the US market, the S&P/ASX 200 has finished higher to start the trading week. The ASX index rose 0.83 per cent today or 60.20 points and closing to a price of 7,333.50. The materials sector outperformed other sectors, as miners helped push the market higher. Mineral Resources Limited (ASX.MIN) closing today, gaining 4.21% highest in the materials sector today, Bhp Group Limited (ASX.BHP) and Fortescue Metals Group Ltd (ASX.FMG) all surged 3.17% and 3.31% respectively.


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 click here.


CryptoCurrency

Bitcoin: US$33,021.35 -3.99% in 24hrs (Taken from Coindesk data),
Ethereum: US$2,037.84 -5.70% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.209776 -3.44% in 24hrs (Taken from Coindesk data)


Day trading Thread Now Open – July 13th

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

Elsight (ASX:ELS) – distribution agreement

Wednesday

iCar Asia (ASX:ICQ) – change of control transaction
Field Solutions (ASX:FSG) – business update
Caspin Resources (ASX:CPN) – capital raising
Leaf Resources (ASX:LER) – business update
Xstate Resources (ASX:XST) – acquisition
NewPeak Metals (ASX:NPM) – capital raising
Indiana Resources (ASX:IDA) – drilling results
Cirralto (ASX:CRO) – referral agreement revenues
Liontown Resources (ASX:LTR) – capital raising
Cokal (ASX:CKA) – financing arrangement
Frugl (ASX:FGL) – capital raising


Commodities

CommodityLastOpenMov%Units
Brent Crude Oil 75.1175.57-0.71%USD/BBL
Crude Oil 74.1174.62-0.84%USD/BBL
Iron ore218219-0.46%USD/MT
Palladium2,856.572,809.341.84%USD/t oz
Coal136.65136.73-0.06%USD/MT
Uranium32.5532.6-0.15%USD/LBS
Gold1,806.421,808.11-0.02%USD/t oz
Copper4.254.35-2.30%USD/t oz
Silver26.1926.080.34%USD/t oz
Nickel18,769.5018,322.502.44%USD/t oz
Data taken from IRESS

Other News

  • Richard Branson’s Virgin Galactic test flight has successfully launched into space. – ABC
  • The Taliban claim to rule 85 percent of Afghanistan, sparking a refugee exodus. – ABC
  • After a wet weekend in Perth, expect more violent storms. – 9 News
  • The number of Covid-19 cases in NSW is anticipated to reach 100 today. – News
  • Heavy rain is expected to continue over the weekend in NSW. – 9 News
  • Employers will search the online histories of more than two million Australians. – News
  • NSW is considering allowing Delta to roam freely in the community. News
  • On Friday, NSW Police will undertake a large operation in south-western Sydney to ensure that public health orders are followed. – ABC
  • During the third week of Sydney’s lockdown, more people will get a $500 assistance payment. – News

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

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