ASX Market Open: Index flat awaiting the US Presidential debate | September 11, 2024

The Market Herald
11 Sep 2024

Futures have the ASX200 opening flat this morning.

The Nasdaq performed well overnight, picking up 0.9%, driven by Oracle’s 11.5% rise based on better than predicted earnings and a new deal with Amazon.

The S&P500 gained 0.4%, but the Dow Jones lost about a quarter of a per cent (0.23%).

Live debate

US Vice President Kamala Harris will face Donald Trump in a debate live on America’s ABC. That’ll start at 11am Australian eastern states time, 10.30am Adelaide time or 9am if you’re in Perth.

Data centres, telecoms & RE platforms

To ASX company news now: Data centre play NextDC (ASX:NXT) is raising $550 million through a placement and $200 million through a share purchase plan, for its Asian market growth ambitions.  The raise is priced at $17.15.

Telecommunications company Swoop (ASX:SWP) has grabbed a 16.9% stake in Vonex (ASX:VN8) for an average 4 cents per share, or a total $2.45 million.

And Bloomberg reports Australian real estate platform operator REA Group (ASX:REA) has begun takeover talks with UK portal, Rightmove.

Gold rallies

To commodities in US dollars now: Gold rallied to $2517 an ounce, iron ore’s at $91 a tonne on the Singapore Exchange.

Natural gas gained 3% to $2.23 a gigajoule and brent crude lost the same to be under $70 a barrel ($69.66).

One Aussie dollar is buying 66.5 US cents.

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