ASX Today: rise & shine – US markets up as covid lingers over Aussie markets

ASX Today: rise & shine – US markets up as covid lingers over Aussie markets

ASX Today: rise & shine – US markets up as covid lingers over Aussie markets

Good morning!

Here is today’s morning wrap up:

US Exchange

Dow Jones futures, as well as S&P 500 and Nasdaq futures, all climbed modestly on Sunday evening. Last week, the stock market rebounded strongly across the board, with the Nasdaq and S&P 500 setting new highs and numerous leaders breaking out or offering early access.

As the economy and society begin to settle into a post-pandemic “new normal,” the market rally may take on a healthy tone. The Dow Jones moved higher overnight with a +0.69% move or +237.020 points. The S&P 500 followed overnight, moving +0.33% or +14.210 points. Based on technology, the Nasdaq was down overnight, closing with a -0.06% loss or -9.32 points.

  • Tesla (TSLA) down overnight with a -1.17% loss or -7.95 dollars,
  • Apple (AAPL) down overnight with a -0.22% loss or -0.30 dollars,
  • Amazon (AMZN) down overnight with a -1.38% loss or -47.62 dollars per share,
  • Microsoft (MSFT) down overnight with a -0.63% loss or -1.67 dollars per share,

ASX Today

This morning, the Australian stock market is projected to start Monday higher. The ASX 200 is predicted to open the day 5 points or 0.07 percent higher today, according to the latest SPI futures.

June 25th ASX Wrap Up (LInk here)

Australian markets followed US markets into the green today as President Biden has endorsed a bipartisan Senate agreement on infrastructure funding at $1.2 trillion. On the ASX today, the S&P/ASX 200 moved +0.45% or +32.70 points to 7308.00. Key commodities turned green today.


CryptoCurrency

Bitcoin: US$34,244.55 up +7.36% in 24hrs (Taken from Coindesk data),
Ethereum: US$1,945.57 up +8.21% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.252082 up +4.59% 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 28th

Each trading day, we feature breakfast from around the world as we discuss which trading opportunities present themselves. Today we discover traditional Turks & Caicos food. 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:

Monday

Warrego Energy (ASX:WGO) – capital raising
Geopacific Resources (ASX:GPR) – project financing

Tuesday

Creso Pharma (ASX:CPH) – sales and revenue update
Hydrix (ASX:HYD) – AngelMed distribution update
Proteomics (ASX:PIQ) – conference presentatio
DigitalX (ASX:DCC) – revenue recognition update
Matador Mining (ASX:MZZ) – capital raising
Mineral Commodities (ASX:MRC) – capital raising


Commodities

CommodityLastOpenMov%Units
Brent Crude Oil 76.1776.10.09%USD/BBL
Crude Oil 74.0773.980.12%USD/BBL
Iron ore217217-0.91%USD/MT
Palladium2,640.082,637.100.11%USD/t oz
Coal124.87124.872.56%USD/MT
Uranium32.632.60.15%USD/LBS
Gold1,781.141,781.100USD/t oz
Copper4.284.28-0.93%USD/t oz
Silver26.1126.10.04%USD/t oz
Nickel18,42418,4242.03%USD/t oz
Live data taken from IRESS

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Other 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.

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