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S&P/ASX 200 trades near flatline as Sydney lockdown gets extended for another two weeks

S&P/ASX 200 trades near flatline as Sydney lockdown gets extended for another two weeks
U.S. consumer prices have increased sharply amid supply constraints and a continued rebound in the costs of travel-related services.
Spot gold was flat at US$1,806.07 per ounce on Wednesday.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.093% to 7,339 points by about 1.40 pm as Sydney’s current lockdown conditions were extended for at least another two weeks to July 30.
Tech stocks were being dragged down by Afterpay (ASX:APT), which fell heavily after Bloomberg reported that Apple (NASDAQ:AAPL) plans to offer a competing buy-now pay-later product in partnership with Goldman Sachs (NYSE:GS). ....

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Shree Minerals Limited updating draft development proposal and environmental plan for Nelson Bay River Iron Project restart

Shree Minerals updating draft development proposal and environmental plan for Nelson Bay River Iron Project restart
The company is focused on progressing the Tasmanian iron ore project towards recommencement in a very strong macro environment for producers.
The company will work with its technical consultants and the EPA to revise the draft DPEMP with requested additional details and clarifications.
Shree Minerals Limited (ASX:SHH) has received comments from the Tasmanian Environmental Protection Agency (EPA) on its draft development proposal and environment management plan (DPEMP) for the Nelson Bay River Iron Ore Project (NBR) which was submitted in January.
The company will now work with its technical consultants and the EPA to update the draft DPEMP with requested additional details and clarifications on the proposed mining operation and the management measures. ....

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Shree Minerals planning RC drill program at Bruce gold project

Shree Minerals Limited s (ASX:SHH) Martin Bennett tells Proactive they re gearing up for a reverse circulation drilling campaign at its Bruce gold. ....

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S&P/ASX 200 flat after hitting all-time high as inflation fear lingers

Brent crude futures rose for a second day on Wednesday to US$72.37 a barrel on signs of strong fuel demand in Europe, while the prospect of a near-term. ....

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FTSE 100 ends just lower as pharma companies lift the major indices; US markets give up early gains

FTSE 100 ends just lower as pharma companies lift the major indices; US markets give up early gains
Companies
17:13 Wed 09 Jun 2021
FTSE 100 ends just lower as pharma companies lift the major indices; US markets give up early gains
The UK blue chip index closed in negative territory, with little inspiration from Wall Street
FTSE 100 down 14 points
US stocks mixed
12:10pm: Markets still largely hugging the flatline
The FTSE 100 closed Wednesday down 14 points, 0.2%, at 7,081, while the FTSE 250 lost 137 points, 0.6%, to 22,759.
It has been another day where stock markets aren’t particularly keen to go up, and those that are in the red are only seeing some modest profit-taking, IG Chief Market Analyst Chris Beauchamp wrote. .European markets have shown a touch more downside, with the likes of the Dax slightly skittish sitting at record highs, in case the ECB meeting does prove to be more exciting than anticipated. ....

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