As FY22 gets underway, markets are focused on an important week of US updates that could impact the ‘money printer goes brrrr’ machine.

US inflation data for June beat expectations overnight as annual US CPI growth held at decade-plus highs throughout the June quarter.

Investors largely digested it though, as US stocks finished slightly lower while there were no major reactions in the bond market.

Tonight will see US Fed Chair Jerome Powell front up for his two-day testimony to Congress.

And with inflation rising through the middle of the year, he’ll be tasked with convincing lawmakers that the Fed’s views around transitory inflation forces and supportive monetary policy are the right ones.

On the domestic front, Sydney-siders will have nothing to do until August after lockdowns were extended for another two weeks with plenty of COVID-19 cases still kicking about.

Local markets were fairly upbeat despite a weaker US lead, with the ASX200 up by around 0.25% into midday trade.

WINNERS

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Code Name Price % Change Volume Market Cap
CLZ Classic Min Ltd 0.0015 50 12,878,697 $21,770,381
BRL Bathurst Resources 0.64 49 696,290 $73,509,198
VMG VDM Group Limited 0.002 33 512,463 $10,391,491
INF Infinity Lithium 0.15 30 11,848,879 $46,305,274
ARE Argonaut Resources 0.0075 25 8,399,966 $21,637,229
CCE Carnegie Cln Energy 0.0025 25 3,127,042 $29,405,147
S66 Star Combo 0.285 24 36,468 $30,983,868
KIN KIN Min NL 0.14 22 161,520,406 $91,907,119
BIR BIR Financial Ltd 0.045 22 691,385 $3,006,264
AUQ Alara Resources Ltd 0.017 21 8,574,844 $9,876,009
CKA Cokal Ltd 0.074 21 9,192,506 $56,399,521
KOR Korab Resources 0.018 20 3,539,000 $4,987,395
MRD Mount Ridley Mines 0.0035 17 1,100,154 $15,044,121
CNJ Conico Ltd 0.03 15 806,445 $23,825,543
HCH Hot Chili Ltd 0.038 15 17,426,485 $102,570,478
WSI Weststar Industrial 0.023 15 12,244,638 $19,509,531
SHH Shree Minerals Ltd 0.016 14 13,978,397 $14,885,316
GLA Gladiator Resources 0.017 13 170,000 $5,415,674
ATU Atrum Coal Ltd 0.043 13 498,054 $22,113,403
PAM Pan Asia Metals 0.13 13 100,179 $6,170,744
PPS Praemium Limited 1.095 13 3,102,351 $486,578,987
DDD 3D Resources Limited 0.0045 13 2,200,000 $15,521,488
ESH Esports Mogul Ltd 0.009 13 1,577,022 $23,057,794
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Shareholders in Bathurst Resources (ASX:BRL) breathed a sigh of relief this morning, after the company announced the conclusion of a five-year legal battle that saw the New Zealand Supreme Court ultimately rule in its favour.

Stockhead’s Nick Sundich summarised the details of the case here. Shares in BRL shot up by around 50% in morning trade to their highest level since January.

Also rising strongly in morning trade was Infinity Lithium (ASX:INF), which benefitted from a regulatory update after announcing the Spanish government has pledged a multi-billion euro funding package to support the country’s EV transition.

INF said its 75%-owned San Jose lithium project is now positioned to “cornerstone Spain’s lithium-ion battery value chain” with its status as the country’s “largest JORC compliant lithium resource”.

LOSERS

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Code Name Price % Change Volume Market Cap
ANL Amani Gold Ltd 0.001 -50 9,630,343 $24,773,993
PCL Pancontinental Oil 0.001 -33 498 $9,010,073
PDZ Prairie Mining Ltd 0.2 -20 240,000 $57,088,772
AQI Alicanto Min Ltd 0.17 -13 523,803 $63,934,155
ADX ADX Energy Ltd 0.007 -13 49,200 $21,232,512
AQC Auspaccoal Ltd 0.175 -13 2,682 $10,096,962
OPL Opyl Limited 0.155 -11 385,667 $9,517,442
EN1 Engage:Bdr Limited 0.004 -11 175,000 $11,018,572
GTG Genetic Technologies 0.008 -11 81,400 $81,150,541
MBK Metal Bank Ltd 0.008 -11 372,827 $10,701,615
MEB Medibio Limited 0.008 -11 153,462 $16,155,553
RVR Red River Resources 0.21 -11 2,952,227 $121,676,976
IND Industrialminerals 0.315 -10 734,329 $9,633,750
XST Xstate Resources 0.0045 -10 7,056,859 $13,447,938
Z1P Zip Co Ltd. 7.46 -10 13,373,856 $4,643,239,213
CRR Critical Resources 0.028 -10 2,355,500 $32,653,704
BKY Berkeley Energia Ltd 0.335 -9 562,667 $95,823,303
SZL Sezzle Inc. 8.05 -9 567,030 $918,921,879
AOA Ausmon Resorces 0.005 -9 272,727 $3,908,626
IVT Inventis Limited 0.01 -9 4,000 $11,555,666
ORN Orion Minerals Ltd 0.03 -9 2,163,817 $142,464,831
APT Afterpay Limited 107.66 -9 1,116,860 $34,268,512,930
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