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ASX Today: Rise & Shine, Everything you need to know before the morning bell!

ASX Today: Rise & Shine, Everything you need to know before

Good morning!

Happy Wednesday and here is today’s morning wrap up:

US Exchange Overnight

The Dow Jones lost -1.36% or -473.66 points, and the S&P 500 followed, losing a total of -0.87% or -36.33 points overnight. The Nasdaq, Based on technology, also among the decliners with a loss of -0.093% or -12.43 points. This may impact local tech stocks today. For live prices, visit our Live Tracker here.

ASX Today

The Australian stock market is expected to have another tough trading day on Wednesday as market hit by inflation fears. The ASX 200 is forecast to open 39 points, or 0.55 percent, lower this morning, according to the latest SPI futures.

What stocks to watch today

The stocks to watch out for today are yesterday’s best gainers; these are listed on our daily wrap-up of each trading day. For a wrap up of 11th of May Gainers click here

Trading Halts Today:

CFOAM (CFO.ASX) – capital raising
Trigg Mining (TMG.ASX) – maiden JORC estimate
Thomson Resources (TMZ.ASX) – project acquisition
Okapi Resources (OKR.ASX) – project acquisition & capital raising
Carpentaria Resources (CAP.ASX) – project update
Artemis Resources (ARV.ASX) – capital raising
Blaze International (BLZ.ASX) – capital raising

Brent Crude Oil

Brent crude oil gained a total of +0.62% percent to US$68.63 per barrel, according to live Commsec data.

Iron Ore

Iron Ore prices surging with no signs of stopping for some time! With a whopping +10.14% gain to a price of $228 (USD/MT), according to live Commsec data. Iron Ore showing excellent strength over the weeks, but one question arises, how long will this last?

Gold

Gold up today with a +0.07% gain or +1.10 points to a price of $1,837.10 US per ounce, according to CNBC. From its 52 week low of $1670.30 US, Gold has been able to recover nicely in 2021; however, will it ever reach its previous high of $2072.90 US.

Copper

Copper rising today according to Market Index; Copper increased by +0.63% to a new price of 4.79 USD/lb, having a total 49.63% return in 1 year! We will shortly provide a link with all Copper stocks on the ASX.

Uranium

Uranium price increased by +0.82% to a price of $30.75 (USD/LBS), according to live Commsec data.

Silver

Silver up today by +0.17% or +0.048 points to a price of 27.715 USD according to CNBC

Other News

  • Yesterday, Treasurer Josh Frydenberg delivered the Federal Budget for 2021-22 – For full details visit 9 News
  • Victorian exposure sites listed as experts try to track down who may have been exposed to Covid – ABC News
  • US declared state of emergency as cyber-attack creates chaos – News

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

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