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. 


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