ASX Today: rise & shine – mixed signs after Fed meeting
Here is today’s morning wrap up:
On Tuesday, US markets slid from record highs as regulatory concerns over China’s technology industry impacted on investor morale. Amazon (-2.0%) On Wednesday, the stock market in the United States was mixed as investors absorbed earnings reports and the Federal Reserve’s monetary policy decision. Alphabet Inc, the parent company of Google, saw its stock rise 3.2 percent to an all-time high after a boom in advertising expenditure helped the company produce record quarterly profits.
The Dow Jones moved lower with a -0.36% move or -127.590 points. The S&P 500, moving -0.02% or -0.820 points. Based on technology, the Nasdaq was up overnight, closing with a +0.70% gain or +102.008 points.
The Federal Reserve
The Federal Reserve maintained its target range for the federal funds rate at 0-0.25 percent. The Fed will continue to consider whether significant further progress has been made “towards its maximum employment and price stability goals” when deciding on future asset purchases. On the labour market, however, Fed Chair Jerome Powell stated that “some ground remains to be covered.”
This morning, the Australian stock market is projected to start Thursday higher. The ASX 200 is predicted to open the day 19 points or 0.26 percent higher today, according to the latest SPI futures.
Previous Day ASX Wrap Up (LInk here)
The S&P/ASX 200 index fell 52 points, or 0.7 percent, to 7,379 points on Wednesday, with losses across the board as NSW hits a higher record of Covid cases.
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.
Day trading Thread Now Open – July 29th
Each trading day, we feature breakfast from around the world as we discuss which trading opportunities present themselves. Today we discover traditional Guam’s food. Click here to post your thoughts.
Companies listed below are currently in a trading halt and are expected to resume trading within the next few trading days:
Metal Tiger (ASX:MTR) – capital raising
Caprice Resources (ASX:CRS) – acquisition
Theta Gold Mines (ASX:TGM) – financing transaction
Dubber (ASX:DUB) – capital raising
Jayex (ASX:JTL) – strategic investment
Capricorn Metals (ASX:CMM) – acquisition
Caeneus Minerals (ASX:CAD) – capital raising
Simble Solutions (ASX:SIS) – capital raising
Pilbara Minerals (ASX:PLS) – cleansing correction
Imugene (ASX:IMU) – capital raising
Aroa Biosurgery (ASX:ARX) – capital raising
Magnis Energy Technologies (ASX:MNS) – capital raising
Victory Mines (ASX:VIC) – capital raising
BPM Minerals (ASX:BPM) – cleansing correction
Australian Mines (ASX:AUZ) – capital raising
Piedmont Lithium (ASX:PLL) – price query
Rhythm Biosciences (ASX:RHY) – capital raising
Allegiance Coal (ASX:AHQ) – capital raising
Bard1 Life Sciences (ASX:BD1) – capital raising
Tasman Resources (ASX:TAS) – drill program update
Conico (ASX:CNJ) – drill program update
Zenith Minerals (ASX:ZNC) – capital raising
Melbana Energy (ASX:MAY) – capital raising
|Brent Crude Oil||74.75||74.21||75.22||-0.01%||USD/BBL|
- As the number of cases in NSW reaches new highs, a radical lockup revamp is expected. – News
- Pfizer’s vaccination for teenagers has been approved by the TGA. – News
- Victoria records 14 new Covid-19 cases that were acquired locally. – News
- After getting the first dose of AstraZeneca, a 44-year-old Tasmanian man died. – News
- In the fight against the Delta Covid outbreak, Brad Hazzard has proposed a strict new mask exemption regulation. – News
- The pharmacy immunisation campaign, according to Prime Minister Scott Morrison, will be accelerated. – ABC
That is this morning’s ASX wrap-up; as always, stay safe and happy trading.
Want something added to the rise & shine? Leave a comment below.
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