ASX 200 to rally, S&P 500 and Nasdaq score another record close, Uranium stock rally

LiveWire07-11

ASX 200 futures are trading 73 points higher, up 0.93% as of 8:30 am AEST. Source: Market Index S&P 500 SESSION CHART S&P 500 rips higher to close at fresh all-time highs (Source: ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX 200 to rally, S&P 500 and Nasdaq score another record close, Uranium stock rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-11 06:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-to-rally-s-p-500-and-nasdaq-score-another-record-close-uranium-stock-rally><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX 200 futures are trading 73 points higher, up 0.93% as of 8:30 am AEST.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\nS&P 500 rips higher to close at fresh all-time highs (Source: ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-to-rally-s-p-500-and-nasdaq-score-another-record-close-uranium-stock-rally\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7108","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-to-rally-s-p-500-and-nasdaq-score-another-record-close-uranium-stock-rally","article_id":"2450182410","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-to-rally-s-p-500-and-nasdaq-score-another-record-close-uranium-stock-rally","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2450182410","pubTimestamp":1720651267,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"ASX 200 futures are trading 73 points higher, up 0.93% as of 8:30 am AEST.S&P 500 rips higher to close at fresh all-time highs . Major US benchmarks ripped higher and finished near best levels. All US sectors finished higher but big tech led to the upside, notably Nvidia , Apple  and Microsoft . Upbeat AI-related newsflow boosted tech stocks, including supercharged TSMC earnings, AMD announced a deal to acquire Europe’s largest AI lab for US$665m cash and an improved outlook for Apple’s iPhone shipments. Traders accumulating bullish positions in Treasuries ahead of Powell, US CPI . Near term Fed rate cuts bolstering case for further market bullishness . Apple logs 21% jump in Q2 PC shipments, largest among global PC makers . Apple says AI features could drive a ~10% increase in iPhone sales this year . Powell stresses balance-sheet drawdown has \"quite a ways to go\" . Powell warns on two-sided risks, including \"considerable\" cooling of labor market . RBNZ keeps rates on hold, opens door","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7108":"石油天然气设备与服务","TRA.AU":"TURNERS AUTOMOTIVE GROUP LTD","UEC":"Uranium Energy Corp",".IXIC":"NASDAQ Composite","BK4574":"无人驾驶","OEX":"标普100",".SPX":"S&P 500 Index","BK4573":"虚拟现实","PTM":"E-TRACS UBS Long Platinum ETF","QID":"纳指两倍做空ETF","SH":"标普500反向ETF","TCO":"陶布曼中心","BK4581":"高盛持仓","MSFT":"微软","NDAQ":"纳斯达克OMX交易所","MAH.AU":"MACMAHON HOLDINGS LIMITED","AAPL":"苹果","WGX.AU":"WESTGOLD RESOURCES LTD","AMD":"美国超微公司","MRM.AU":"MMA OFFSHORE LTD","CAI.AU":"CALIDUS RESOURCES LTD","PTM.AU":"PLATINUM ASSET MANAGEMENT","NVDA":"英伟达","SM1.AU":"SYNLAIT MILK LTD","MRM":"MEDIROM Healthcare Technologies, Inc.","SPY":"标普500ETF","QLD":"纳指两倍做多ETF","TSLA":"特斯拉","OEF":"标普100指数ETF-iShares","MTS.AU":"METCASH LTD","TCO.AU":"TRANSMETRO CORPORATION LIMITED","VOO":"Vanguard标普500ETF","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) 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200指数上涨，标普500和纳斯达克再创收盘纪录，铀股上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SM1.AU":1,"MAH.AU":1,"MET":1,"MRM":1,"MRM.AU":1,".IXIC":1,"NDAQ":1,"PTM":1,"PTM.AU":1,"MTS.AU":1,"SPY":1,"TCO":1,"TCO.AU":1,"TRA.AU":1,"UEC":1,"VOO":1,"WGX.AU":1,".SPX":1,"CAI":1,"CAI.AU":1,"DBF.AU":1,"FT":1,"AAPL":0.8,"NVDA":0.7,"TQQQ":0.6,"AMD":0.6,"UPRO":0.6,"SSO":0.6,"SQQQ":0.6,"QID":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"QQQ":0.6,"QLD":0.6,"PSQ":0.6,"OEX":0.6,"OEF":0.6,"ESmain":0.6,"MNQmain":0.6,"NQmain":0.6,"IVV":0.6,"MSFT":0.5,"TSLA":0.5},"content_text":"ASX 200 futures are trading 73 points higher, up 0.93% as of 8:30 am AEST.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\nS&P 500 rips higher to close at fresh all-time highs (Source: TradingView)\nOVERNIGHT MARKETS\n\n\nMajor US benchmarks ripped higher and finished near best levels\n\nS&P 500 and Nasdaq logged a seventh straight session of gains and a sixth consecutive record close\n\nAll US sectors finished higher but big tech led to the upside, notably Nvidia (+2.6%), Apple (+1.8%) and Microsoft (+1.4%)\n\nUpbeat AI-related newsflow boosted tech stocks, including supercharged TSMC earnings, AMD announced a deal to acquire Europe’s largest AI lab for US$665m cash and an improved outlook for Apple’s iPhone shipments\n\nTraders accumulating bullish positions in Treasuries ahead of Powell, US CPI (Bloomberg)\n\nNear term Fed rate cuts bolstering case for further market bullishness (Reuters)\n\nJPMorgan says Thursday's CPI report could add volatility to subdued market (Bloomberg)\n\nChina bond traders ready for PBOC to push back on record low yields (Bloomberg)\n\nSTOCKS\n\n\nApple logs 21% jump in Q2 PC shipments, largest among global PC makers (Bloomberg)\n\nApple says AI features could drive a ~10% increase in iPhone sales this year (Bloomberg)\n\nGoogle reportedly abandoning efforts to acquire HubSpot (Bloomberg)\n\nTesla raised Model 3 price in Europe due to EU's China-targeted tariffs (Reuters)\n\nTSMC Q2 sales grew at fastest pace since 2022 amid AI infrastructure boom (Bloomberg)\n\nVolkswagen issues profit warning triggered in part by the possible closure of an Audi plant (Reuters)\n\nCENTRAL BANKS\n\n\nPowell stresses balance-sheet drawdown has \"quite a ways to go\" (Reuters)\n\nPowell warns on two-sided risks, including \"considerable\" cooling of labor market (FT)\n\nRBNZ keeps rates on hold, opens door to possible cuts (Reuters)\n\nPOLITICS & GEOPOLITICS\n\n\nTop Democrats signal unwillingness to abandon Biden amid divisions within party (Axios)\n\nDemocrats try to change subject from Biden's to Trump's policy goals (Bloomberg)\n\nBiden says Ukraine will stop Putin in forceful NATO speech (Reuters)\n\nChina starts retaliatory investigation into EU trade barriers after Brussels imposed provisional tariffs on China EVs (Bloomberg)\n\nFrance's Macron faces divisions in bloc over election (FT)\n\nECONOMY\n\nChina CPI inflation unexpectedly weakens as deflation risks persist (Reuters)\n\n\n\n\n\n\n\n\n\n\n\nUS-listed sector ETFs by iShares, Global X and VanEck (Source: Market Index)\nASX TODAY\n\n\nASX 200 set to have a crack at all-time highs after a strong lead from Wall Street and higher overnight commodity prices \n\nCalidus Resources transitioning Warrawoona operations into care and maintenance, dual-track recapitalisation and sale process has commenced (CAI)\n\nMacmahon in discussions with receivers and managers about the ongoing services required at Warrawoona and the impact on its operations (MAH) \n\nMMA Offshore to be suspended from the ASX, effective close of trading 11-Jul after Federal Court approved Cyan’s proposed takeover (MRM)\n\nPlatinum Asset Management reports 30-Jun funds under management of $12.97bn vs. $13.55bn at 31-May (PTM)\n\n WHAT TO WATCH TODAY\n\n\nUranium stocks are set to soar after a surprise hike in extraction taxes in Kazakhstan, the world's largest uranium producing country. The new Mineral Extraction Tax (MET) will increase tax rates to 9% from 6% in 2025. From 2026, a new two-tier MET will be rolled out based on production out and uranium prices. This provides less incentive for local producers, like Kazatomprom to increase production. The Global X Uranium ETF rallied 4.4% on the news to a one-month high. This could draw a strong response for local names like Paladin Energy, Boss Energy and Deep Yellow. It is worth noting that all three names are heavily shorted, with short interest of 4.22%, 6.36% and 5.69% respectively \n\nGold stocks to tick higher amid an uptick in prices overnight. The VanEck Gold Miners ETF finished 2.6% higher overnight and within an arms reach of a two-year high. Newmont shares rallied strongly overnight (+3.5%) after CIBC upgraded the stock to Outperform from Neutral with a US$61 target price (up from US$46). The analysts cited a bullish outlook for gold prices, more investor interest in gold and Newmont's position as the S&P 500's only listed gold producer. \n\nBROKER MOVES\n\n\nAristocrat Leisure initiated Neutral with $55.30 target (Goldman Sachs)\n\nCore Lithium upgraded to Neutral from Sell (Goldman Sachs)\n\nLight & Wonder initiated Buy with $190 target (Goldman Sachs)\n\nLottery Corp initiated Neutral with $5.60 target (Goldman Sachs)\n\nPaladin Energy initiated with $10.80 target (Argonaut) \n\nWebjet upgraded to Overweight from Neutral; target up to $11 from $8.80 (JPMorgan)\n\n\n\nKEY EVENTS\nCompanies trading ex-dividend: \n\n\nThu 11 July: Transmetro Corp (TCO) – $0.05, Westgold Resources (WGX) – $0.013\n\nFri 12 July: None\n\nMon 15 July: None\n\nTue 16 July: Metcash (MTS) – $0.085 \n\nWed 17 July: Turners Automotive (TRA) – $0.069\n\nThu 18 July: None\n\nOther ASX corporate actions today: \n\n\nDividends paid: Duxton Farmers (DBF) – $0.10 \n\nListing: None\n\nEarnings: None\n\nAGMs: Synlait Milk (SM1) at 2:00 pm\n\nEconomic calendar (AEST):\n\n\n4:00 pm: UK GDP (May)\n\n10:30 pm: US Inflation Rate (Jun)\n\nThis Morning Wrap was written by Kerry Sun.\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2450182410"}