S&P/ASX 200 trading slightly up, Afterpay shares perform strongly out of trading halt

S&P/ASX 200 (INDEXASX:XJO) rallied strongly to be up 40 points in the first 30 minutes of trade but has given early gains back headed into the afternoon session.

Insurance broker outfit Austbrokers (ASX:AUB) downgraded earnings this morning while Emeco (ASX:EHL) confirmed it is on track for 40% growth in operating EBITDA for FY19.

Shares in Afterpay came out of trading halt this morning following the capital raising and traded very strongly, up 9% at one stage.

Afterpay shares have now settled to be trading up 5.5% at $25.50, which is VWAP for the day.

[REPORT] Miners push local shares higher for a sixth session but losses for banks keep gains in check https://t.co/oAjhc68j0M #ausbiz pic.twitter.com/mUwMgSSiLZ

— CommSec (@CommSec) June 12, 2019 Pre-market: S&P/ASX 200 eyes new all-time highs, Afterpay raising $330 million

ASX 200 futures are pointing to another green session after the market closed on highs yesterday not seen since late 2007.

The ASX 200 is closing in on its all-time high of 6828.70, which was reached in November of 2007.

Both the S&P 500 Index (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) gave back their opening gains over the day to close flat.

Beyond Meat Inc (NASDAQ:BYND), which listed in early May was down 25.02% to US$126.04 but the stock is still well up on its US$25 IPO price.

Two RBA assistance governors speak in Melbourne today

At around 9.30am AEST today, RBA Assistant Governor (Financial Markets) Christopher Kent is due to deliver brief remarks at the Australian Renminbi Forum in Melbourne with audience questions expected.

This evening at around 7.00pm AEST, RBA Assistant Governor (Economic) Luci Ellis is due to deliver a speech titled “Watching the Invisibles” at the Freebairn Lecture in Public Policy in Melbourne.

Other economic data points today include the monthly Westpac consumer sentiment

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