ASX Today: rise & shine – US markets down as retail sales slip

ASX Today: rise & shine – US markets down as retail sales slip

ASX Today: rise & shine – US markets down as retail sales slip

Good morning!

Here is today’s morning wrap up:

US Exchange

Overnight the US markets took a turn with the Federal Open Market Committee preparing for its two-day meeting as May retail sales data underwhelmed. The Dow Jones moved lower overnight with a -0.27% move or -94.42 points. The S&P 500 lost overnight, moving -0.20% or -8.56 points. Based on technology, the Nasdaq was down overnight, with a -0.71% loss or -101.29 points.

  • Tesla (TSLA) down overnight with a -2.97% loss or -18.33 dollar,
  • Apple (AAPL) Shares down overnight with a -0.64% loss or -0.84 dollars,
  • Amazon (AMZN) down overnight with a -0.02% loss or -0.74 dollars per share,
  • Microsoft (MSFT) down overnight with a -0.59% loss or -1.53 dollars per share,

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ASX Today

This morning, the Australian stock market is projected to start Wednesday lower. The ASX 200 is predicted to open the day 12 points or 0.16 percent lower, according to the latest SPI futures.

June 15h ASX Wrap Up (LInk here)

On the ASX today, another significant day as the S&P/ASX 200 closed higher than the previous trading day close, with a +0.92% gain or +67.20 points. During lunchtime today, the XJO hit a new high of 7398.600 before retreating and closing the day at 7,379.500, beating the highest close on the eleventh of June, with a previous close of 7,312.333.


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$40,171.24 up -0.14% in 24hrs (Taken from Coindesk data),
Ethereum: US$2,543.03 up -0.85% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.321675 up -1.58% in 24hrs (Taken from Coindesk data),
Cardano: US$1.56 up +0.19% in 24hrs (Taken from Coindesk data).
Stellar: US$0.334219 down -1.53% 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 16th

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

Wednesday

Volt Resources (VRC.ASX) – acquisition
OAR Resources (OAR.ASX) – capital raising
Vection (VR1.ASX) – acquisition transaction
Galena Mining (G1A.ASX) – final investment decision
Gascoyne Resources (GCY.ASX) – acquisition
Firefly (FFR.ASX) – transaction

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


Upcoming Floats

HitIQ Limited – 16 June 2021 12:00Pm AEST ##

Listing date16 June 2021 12:00Pm AEST ##
Company contact detailshttps://www.hitiq.com/
Ph: +61 8  6267 2200
Principal ActivitiesBuilding and commercialising a technology platform to assist in the surveillance, detection, assessment and diagnosis of sports-related concussion injury.
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeHIQ
Capital to be Raised$10,000,000

Lunnon Metals Limited – 16 June 2021 11:00 AM AEST ##

Listing date16 June 2021 11:00AM AEST ##
Company contact detailswww.lunnonmetals.com.au
Ph: 08 9226 0887
Principal ActivitiesMineral exploration
GICS industry groupTBA
Issue Price$0.30
Issue TypeOrdinary Fully Paid Shares
Security codeLM8
Capital to be Raised$15,000,000

Commodities

  • Brent Crude Oil up +1.77% to a total of $74.30 USD/BBL (Taken from IRESS data).
  • Crude Oil up +1.97% to a total of $72.45 USD/BBL (Taken from IRESS data).
  • Iron Ore up +3.27% to a total of $221 (USD/MT) (Taken from IRESS data).
  • Palladium price up +0.33% to a total of $2,761.29 (USD/t oz) (Taken from IRESS data).
  • Coal down -0.85% to a total of $117 (USD/MT) (Taken from IRESS data).
  • Uranium down -0.61% today, to a price of $32.50 (USD/LBS)(Taken from IRESS data).
  • Gold on the ASX Market Wrap up, Gold decreased -0.46% to a price of $1,858.65 (Taken from IRESS data).
  • Copper down -3.97% to a price of $4.35 (USD/lb)(Taken from IRESS data).
  • Silver down -0.83% at a price of $27.64 (USD/t)(Taken from IRESS data).
  • Nickel up +1.35% to a price of $18,450.25 (USD/MT)(Taken from IRESS data).
  • To Keep up with the latest news and Commodity Prices, make sure to check out our News Ticker Here.

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Other News

  • 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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