The ASX200 is set to open 0.15% lower today, following mixed performances among US bourses on Monday.
This was led by a 304-point rally on the Dow, which saw it end the session at 44,293 for the first time, extending the rally it has enjoyed since the US election – itself built around the expectation that Donald Trump’s return to the White House will translate into deregulation and tax cuts. By contrast, the S&P 500 was only slightly higher at the end of the session, and the Nasdaq was flat in the wake of tech stock losses, including Apple (down 1.2%), Nvidia (down 1.6%), and Meta (down 1%).
On the ASX, Sunstone Metals Ltd (ASX:STM) has discovered a new copper-gold porphyry at its Bramaderos project in Ecuador, and LTR Pharma Ltd (ASX:LTP) has announced a strategic joint venture with leading men’s health group the Restorative Sexual Health Clinic, to develop an online platform.
To commodities – all in US $ here: Iron ore is $103.82 on the Singapore Exchange, gold’s trading at $2623, Brent crude is $71.92 & natural gas is $2.94 a gigajoule.
One Aussie dollar is buying just under 66 US cents.
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