Live ASX Coverage: Wednesday, June 11
Welcome to our live updates on the Australian Securities Exchange (ASX) for Wednesday, June 11. We’re implementing this new format to enhance your experience. Expect numerous posts before the market opens, followed by regular updates throughout the day. Please refresh this page for the most recent information, and feel free to share your feedback on how we can improve our coverage.
What’s Influencing Markets?
[8:35 am] Major US stock indices experienced a positive trading session overnight, with ten out of eleven sectors witnessing gains. The equal-weighted S&P 500 showed similar performance to the standard benchmark, indicating broad market strength. Key events influencing the markets included:
- Ongoing US-China trade discussions, which saw little in the way of details but were described as progressing well by Commerce Secretary Lutnick. He mentioned that the discussions could conclude tonight, though the negotiating team is prepared to carry on as required.
- Reports suggest that the US and India are close to finalising an interim trade agreement.
- Market participants are awaiting US inflation figures due today, with expectations that the annual headline Consumer Price Index (CPI) will decrease to 2.3% for May, down from 2.5% in April.
- Attention is also directed towards a significant 30-year bond auction scheduled for Friday.
Morning Market Overview
[8:30 am] The S&P/ASX 200 futures indicate a promising start, trending up by 24 points (+0.27%). This comes on the heels of the ASX reaching a new all-time high on Tuesday, with a rally of 0.84%, surpassing the previous record set on February 14.
If you’re new to our updates, don’t miss today’s Morning Wrap for essential insights and information.
Stay tuned for more updates as the day unfolds!
