Rise and Shine: Everything you need to know before the ASX opens

Good morning everyone and welcome to Rise and Shine on Friday, July 11, 2025. Here’s what you should know before the ASX opens today…

ASX futures were pointing up by 0.33% at 7am AEST Friday. The local market looks ready to take off again. And that’s because…

… Wall Street rose, boosted by Delta Airlines

Our American counterparts have lifted again, with Delta and Nvidia the wind beneath their wings.

The Dow rose 0.43%, the S&P 500 0.27%, while the Nasdaq modestly ticked up 0.09%.

All up, though it’s record altitude in the US, according to a Reuters report this morning – “boosted by an upbeat forecast from Delta Air Lines and a record close for Nvidia while investors shrugged off President Donald Trump’s latest tariffs”.

This gave the entire airline and transport sector in the US a fuel injection, with United Airlines and American both climbing to double-digit gains, for instance, and the Dow Transportation Index, “widely considered an economic barometer”, hitting its highest since late February.

Meanwhile, Nvidia made history again, closing with valuation above US$4 trillion – the first publicly traded company to hit the milestone.

Oh, and some weak-ass jobs data in the US landed, too.  The initial jobless claims for the week of July 5 touched down at 227,000, below expectations.

Per Retuers: The Delta update and “pretty tame” jobless claims reassured investors, said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

It’s all helped fuel markets into a risk-on mode as the worry about Trump’s tariff threats seem like nothing more than a bee sting at the moment. Let’s see if that translates to the ASX today.

Oh, and check out the Bitcoin score below, too, by the way. The “big, beautiful” orange crypto has absolutely rocketed its way above another all-time high, moving into unchartered territory above US$116k. Read Stockhead’s  Mooners and Shakers column for more of the latest on the crypto market.

Commodity/forex/crypto market prices

What got you talking

Also in the news…

Health Check: The US healthcare system is mired down by kerfuffles over tariffs, drug pricing and cuts to regulatory and funding bodies, but for ASX biotechs the wheels of decision-making keep grinding.

With a 50% US tariff on the cards, Donald Trump’s trade war is creating concern and opportunity for investors in copper stocks.

As Chinese export curbs send rare earth prices through the roof, Lynas (ASX:LYC) could be plotting a Brazilian breakout that would loosen Beijing’s stranglehold on the materials powering the world’s transition to EVs.

Trading Halts

• Aerometrex (ASX:AMX) – material LiDAR contract
• Trigg Minerals (ASX:TMG) – pending update to Antimony Canyon acquisition
• Diablo Resources (ASX:DBO) – cap raising
• Vulcan Energy Resources (ASX:VUL) – cap raising

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.