ASX Today: rise & shine – slow start for the new fiscal year
Here is today’s morning wrap up:
US economic data: According to the ADP report on private payrolls, 692,000 jobs were created in June (survey: 600,000). In June, the Chicago purchasing managers index dropped from 75.2 to 66.1. (survey: 70). In May, pending home sales increased by 8%. (survey -0.8 percent ). Mortgage applications dropped 6.9% in the last week after gaining 2.1 percent the week before.
The Dow Jones moved higher overnight with a +0.61% move or +210.22 points. The S&P 500 gained overnight, moving +0.13% or +5.70 points. Based on technology, the Nasdaq fell overnight, closing with a -0.17% loss or -24.38 points.
- Tesla (TSLA) moving -0.16% or -1.06 dollars,
- Apple (AAPL) moving +0.46% or +0.63 dollars,
- Amazon (AMZN) moving -0.23% or -7.98 dollars per share,
- Microsoft (MSFT) moving -0.18% or -0.50 dollars per share,
This morning, the Australian stock market is projected to start Thursday lower. The ASX 200 is predicted to open the day 6 points or 0.08 percent lower today, according to the latest SPI futures.
The ASX 200 index rose 11.8 points, or 0.16 percent, to 7,313, snapping a two-day losing trend to close the financial year on a positive note. This is the ninth consecutive month of advances—June had a 2.11 percent increase—and FY21 witnessed the highest gains in 34 years. The moves were prompted by overnight gains in US stock markets.
Bitcoin: US$34,644.74 -3.99% in 24hrs (Taken from Coindesk data),
Ethereum: US$2,238.63 +2.05% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.248511 -6.60% 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 click here.
Day trading Thread Now Open – July 1st
Each trading day, we feature breakfast from around the world as we discuss which trading opportunities present themselves. Today we discover traditional Equatorial Guinea’s’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:
Sayona Mining (ASX:SYA) – court decision on NAL bid
rhipe (ASX:RHP) – control transaction
Leigh Creek Energy (ASX:LCK) – DL E&C agreement
Applyflow (ASX:AFW) – capital raising
Andromeda Metals (ASX:ADN) – capital raising
NeuroScientific Biopharmaceuticals (ASX:NSB) – safety and toxicity study
Kinetiko (ASX:KKO) – capital raising
Arcadia Minerals (ASX:AM7) – response to AFR article
Aguia Resources (ASX:AGR) – legal proceedings
Novatti (ASX:NOV) – capital raising
AVZ Minerals (ASX:AVZ) – capital raising
|Brent Crude Oil||75.1||76.1||0.27%||USD/BBL|
- Australians on lockdown await news of cases or the lifting of restrictions at press conferences. – ABC
- ATAGI’s co-chair believes Scott Morrison’s AstraZeneca announcement for under-40s is still not recommended. – ABC
- Queensland lockdown could potentially be extended. – News
- As the state enters its first full day of lockdown, a Queensland healthcare worker spreads Covid-19. – News
- Lockdown measures put in place in NSW, WA, NT and Queensland as COVID 19 cases grow across the nation. – SMH
- COVID-19 Delta strain has been confirmed in a Brisbane hospital worker. – ABC
- New coronavirus exposure locations in Sydney include Domino’s and 7-Eleven. News
- As mask-wearing becomes mandatory in Queensland, two more local cases have been reported. – News
- Coogee South Primary School has four children who have tested positive. – News
- NSW bracing for more cases as Scott Morrison to call urgent cabinet meeting. – News
- In China, Tesla is recalling roughly 300,000 cars due to a cruise control safety problem. – 9 News
- Years before the building in Florida collapsed, an engineer voiced concerns about serious structural deterioration. – 9 News
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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