The Stocks in Action || How S&P/ASX200 Performed After US Inflation Data Hit The Market?

This is The Stocks in Action show. First, let's look at ASX 200 and the ASX listed stocks that are trending today.  

• The S&P/ASX200 is up today, gaining 7.60 points or 0.10 per cent to 7310.10. The top performing stocks in this index are MESOBLAST up 6.16 per cent and LYNAS RARE EARTHS, up 5.78 per cent. Over the last five days, the index is virtually unchanged, but is currently 0.34 per cent below its 52-week high. 

• The US stocks rose despite the annual inflation rate accelerating to a higher-than-expected 5 per cent in May, marking the highest annual inflation rate in nearly 13 years. 

• The Labor Department revealed that jobless benefit claims continue to decline as the economy recovers. 

• A US House Committee on Thursday approved additional spending of US$547 billion in surface transportation projects for the next five years in a majority vote of 38 to 26.

• Moving on to the next news. The European Central Bank raised its growth and inflation projections but guaranteed a steady flow of stimulus over the summer.

• Crude oil prices surged to more than two-year high levels on Thursday on optimism for strong energy demand after a fall in US unemployment claims to the lowest levels since the start of COVID-19 in 2020. 

• August delivery Brent crude oil futures traded at US$72.38 per barrel, 0.12 per cent up, whereas July delivery WTI crude oil futures traded 0.11 per cent down at US$70.21 per barrel as of 11 June 2021 at 10:07 AM

• Bulletin Resources Limited (ASX:BNR) shared on 11 June 2021 that an 8,000m aircore drilling program is about to commence at its Lake Rebecca gold project, 150 kilo metre east north-east of Kalgoorlie, Western Australia.  

• The Lake Rebecca gold project is immediately along strike of Apollo Consolidated Limited’s 1.1M oz Rebecca Gold Project.  

• Centuria Industrial Reit (ASX:CIP) declared on Friday that it has secured three high-quality industrial assets worth AU$86.1 million. 

• The 3D metal printing firm AML3D (ASX:AL3) said the Company has been granted an Australian patent for its Wire Additive Manufacturing (WAM) process. 

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK