The ASX 200 is expected to open 0.4% higher today, with sentiments beginning to tick up as Australia awaits this week’s key inflation data.
U.S. markets rose overnight as investors await earnings reports from several household tech giants, including Alphabet and Apple. Wall Street anticipates those reporting from the Mag 7 to share record capital expenditures.
Gold too continued its global climb as the impending U.S. election looms.
Oil shares in the U.S. did sink after Israel’s retaliatory attack on Iran avoided oil facilities.
Back home, the $1 billion acquisition-slash-merger between department store giant Myer (ASX:MYR) and Premier Investments’ (ASX:PMV) apparel business got the green light at a board meeting on Monday evening.
FireFly Metals (ASX: FFM) was the hot topic on HotCopper this morning after an “outstanding” increase in both tonnes and contained metal at its Green Bay copper project.
Bellevue Gold (ASX:BGL) has also completed its $112m debt reduction, which should unlock stronger cash flow for the Yilgarn Craton gold miner.
CSL, Vicinity, and Ansell all meet with shareholders today.
To the forex, the Aussie dollar is buying 65.8 US cents.
To commodities, which are in the greenback:
Iron Ore has dipped slightly to $104.15 a tonne in Singapore,
Brent Crude is trading at $72.02,
Gold is trading at $2,755 per ounce, and,
US natgas futures are at $2.27 per gigajoule.
That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.