Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 is tipped to continue moving higher today, with futures predicting a near .3 per cent rise.
US markets traded fairly flat overnight, with the Dow Jones up just .2 per cent, the NASDAQ lifting a touch and the S&P 500 managed to scrape into the green in the final minutes of the session.
Airline manufacturer Boeing gained 1.4 per cent on an upgrade by global investment bank RBC Capital Markets from “perform” to “outperform”. US-listed Chinese e-commerce company PDD Holdings continued its rally, surging 18 per cent after beating its revenue estimates and buy now pay later play Affirm climbed nearly 12 per cent in the wake of the Cyber Monday sales after analysts upped the target price for the stock.
Back home, the Consumer Price Index data for last month comes out later this morning – at 11:30 am Australian Eastern Daylight Time. This will be a key indicator for the RBA’s interest rates decision next week.
Australian Construction Work data for the third quarter of the year is also due at the same time.
The Aussie dollar is at 66.5 US cents. Bitcoin is up more than 2 per cent trading near $57,500.
Copper was up nearly 1.5 per cent overnight to above $3.80 a pound. Uranium held up above $80 ($80.25 a pound).
Iron ore has been trading at $134.50 a tonne, Crude oil has lifted two per cent to $76.50, gold is above the $2040 mark and natural gas has dropped more than five per cent to just below $2.80.
