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ASX Today: Rise & Shine, US Markets Down ASX To Follow

ASX Today: Rise & Shine, US Markets Down ASX To Follow

Good morning!

Here is today’s morning wrap up:

US Exchange Overnight

The Dow Jones shed its gains overnight, losing -0.78% or -267.13 points and the S&P 500 followed, losing a total of -0.85% or -35.46 points overnight. The Nasdaq, Based on technology, lost a total of –0.56% or -75.41 points. This may impact local tech stocks today. Visit our Live Tracker here.

  • Tesla (TSLA) bounced +0.18% or +1.04 dollars,
  • Apple (AAPL) dropped further with a -1.12% drop or -1.42 dollars,
  • Walt Disney (DIS) dived further today, down -0.24% or -0.40 dollars.

ASX Today

The Australian stock market is expected to have another disappointing trading day on Wednesday. The ASX 200 is forecast to open the day lower this morning, following Wall Street losses.

Yesterday’s ASX recap (LInk here)

S&P/ASX 200 finished the day with the highest close in 3 days, a positive gain of +0.60% or +42.40 points.

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 the 18th of May, Gainers click here.

Trading Halts Today (Wednesday):

Great Boulder Resources (GBR.ASX) – capital raising
Agrimin (AMN.ASX) – offtake agreement
EML Payments (EML.ASX) – response to Ireland regulations
Tymlez (TYM.ASX) – capital raising
Boadicea Resources (BOA.ASX) – capital raising
BPM Minerals (BPM.ASX) – asset acquisition
Latitude Consolidated (LCD.ASX) – resource update

New Listing Today

Lithium Energy Limited (LEL.ASX) – 19 May 2021 12:00PM AEST

Listing date19 May 2021 12:00 PM AEST ##
Company contact detailshttps://www.lithiumenergy.com.au/
Ph: (08) 9214 9737
Principal ActivitiesMineral exploration and development
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeLEL
Capital to be Raised$9,000,000

Brent Crude Oil

Brent crude oil down overnight by -1.6% to US$68.44 per barrel, according to live Commsec data.

Iron Ore

Iron Ore prices up overnight with a +1.46% gain to a price of $208.50 (USD/MT), according to live Commsec data.

Gold

According to CNBC, gold up today, gaining +0.03% overnight to a price of $1,868.80 US per ounce. 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?

Want to know if a company’s mining grades are high grade or low grade? Our handy trading spreadsheet is now available – click the image on the right.

Copper

According to Market Index, Copper down -0.36% overnight, closing to a price of $4.71 USD/lb. Copper has a total of 50.59% return in 1 year! We will shortly provide a link with all Copper stocks on the ASX.

Uranium

Uranium prices remain the same with a price of $30.95 (USD/LBS), according to live Commsec data. The uranium stocks to keep on your watch list are:

GTI Resources Limited (GTR.ASX)

Thor Mining (THR.ASX)

Alligator Energy Limited (AGE.ASX)

Silver

Silver down -0.24% overnight to a price of $28.27 USD  according to CNBC.

Other News

  • According to a poll, almost a third of adult Australians believe they are unlikely to get the COVID vaccine. – The Sydney Morning Herald
  • ‘A senior Islamist commander was killed in an Israeli airstrike,’ according to reports. – Daily Mail
  • The Australian man who died in India from COVID-19. – 7 News
  • Hundreds of people flee as a 70-story building in China’s south shakes. – 9 News
  • 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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