S&P/ASX 200 ASX Today rise & shine US markets overlook inflation report as market rallies overnight

ASX Today: rise & shine – US markets overlook inflation report as market rallies overnight

ASX Today: rise & shine – US markets overlook inflation report as market rallies overnight

Good morning!

Here is today’s morning wrap up:

US Exchange

The Dow Jones moved higher overnight with a +0.055% move or +19.10 points. The S&P 500 followed with a gain overnight, moving +0.47% or +19.63 points. Based on technology, the Nasdaq was up overnight, with a +0.78% gain or +108.58 points. However, as initial unemployment claims touched a historic low, consumer inflation in the United States reached its highest level since 2008, showing signs investors gave the report the cold shoulder.

Some economic figures:

  • Initial unemployment claims in the United States are at their lowest level since March 2020.
  • In May, the CPI in the US increased to 5.0 percent.
  • Consumer prices increased by 0.6% month over month.
  • Core inflation increased by 3.8 percent year over year, the highest rate since 1992.
  • Prices for energy and used cars have risen since last year.
  • Tesla (TSLA) up overnight with a +1.89% gain or +11.34 dollar,
  • Apple (AAPL) Shares down overnight with a -0.80% loss or -1.02 dollars,
  • Amazon (AMZN) up overnight with a +2.09% gain or +68.50 dollars per share,
  • Microsoft (MSFT) up overnight with a +1.44% gain or +3.65 dollars per share,

Post your thought on our new DB Stock Forum – Sign up free here.

ASX Today

This morning, the Australian stock market is projected to start Friday slightly higher. The ASX 200 is predicted to open the day 1 point or 0.01 percent higher, according to the latest SPI futures.

June 11th ASX Wrap Up (LInk here)

Today marks a significant day as the S&P/ASX 200 closed highest it has ever closed with a +0.44% gain or +32.30 points. Closing the day at 7,302.50, previously the highest close was in 2019, closing at 6,684.075.


Traders with a case of FOMO switch from Bitcoin to Meme Stocks. – Coindesk

Bitcoin: US$36,988.42 up +0.39% in 24hrs (Taken from Coindesk data),
Ethereum: US$2,488.69 down -4.65% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.329745 down -5.04% in 24hrs (Taken from Coindesk data),
Cardano: US$1.56 down -3.39% in 24hrs (Taken from Coindesk data).
Stellar: US$0.339211 down -5.09% 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 – June 11th

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


Mandrake Resources (MAN.ASX) – capital raising
Andromeda Metals (ADN.ASX) – market update
Mighty Craft (MCL.ASX) – capital raising
Minotaur Exploration (MEP.ASX) – market update


Cashwerkz (CWZ.ASX) – capital raising
Leigh Creek Energy (LCK.ASX) – capital raising
Cobalt Blue (COB.ASX) – fundraising agreement
WT Financial Group (WTL.ASX) – capital raising and acquisition
Magnum Mining and Exploration (MGU.ASX) – off-take agreement
Metalicity (MCT.ASX) – capital raising
Aeris Resources (AIS.ASX) – capital raising
Argonaut Resources (ARE.ASX) – capital raising
Global Health (GLH.ASX) – capital raising


  • Brent Crude Oil up +0.32% to a total of $72.24 USD/BBL (Taken from IRESS data).
  • Crude Oil up +0.52% to a total of $70.05 USD/BBL (Taken from IRESS data).
  • Iron Ore price up +1.9% to a total of $214 (USD/MT) (Taken from IRESS data).
  • Palladium price down -0.09% to a total of $2,776.12(USD/t oz) (Taken from IRESS data).
  • Coal up +3.69% to a total of $119 (USD/MT) (Taken from IRESS data).
  • Uranium up +0.31% today, to a price of $32.3 (USD/LBS)(Taken from IRESS data).
  • Gold on the ASX Market Wrap up, Gold increased +0.5% to a price of $1,897.88 (Taken from IRESS data).
  • Copper down -1.1% to a price of $4.49 (USD/lb)(Taken from IRESS data).
  • Silver up +0.68% to a price of $27.99 (USD/t)(Taken from IRESS data).
  • Nickel up +1.08% to a price of $18,106.25 (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.

Stay connected on Facebook.

Our Facebook group has grown substantially, don’t miss out on sharing your thoughts with others and being a part of the DB team! Click the image on the left to join now.

Other News

  • The Delta variation has been related to gangrene and hearing loss symptoms. – News
  • Police in Melbourne will question an infected Melbourne couple about their road trip. – News
  • Australia and Singapore have agreed to collaborate on developing a ‘safe and calibrated’ travel bubble. – ABC
  • A woman’s death in NSW was most likely caused by an AstraZeneca vaccine. – News
  • A Victorian man was discovered dead in floodwaters. – News
  • The US will provide 500 million COVID-19 vaccine doses to assist other nations. – Aljazeera
  • All crypto miners in China’s Qinghai Province have been ordered to shut down. – Coin Desk
  • Bitcoin’s bad run isn’t done yet, as prices continue to plummet. – 9 News
  • ‘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.

Want something added to the rise & shine? Leave a comment below.

Learn to invest in yourself before the market:

Leave a Comment

Your email address will not be published. Required fields are marked *

Shopping Cart
Join our FREE ASX Stock Tips Facebook Group

Ge the latest tips direct on your Facebook and find out what stocks are most popular with traders!

Get the latest Stocks Daily newsletters with moving stocks

Discover which stock picks we have chosen to add to our day trading list! Subscribe below 

Scroll to Top