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The ASX200 is up about three per cent for November, and it may add just a little bit more to that today with futures suggesting it’ll gain.
And in the US overnight, the Nasdaq & S&P 500 lost momentum – dropping around .15 per cent – while the Dow Jones came out flat – adding just .03 per cent.
Best performers there included General Motors, which sped up 10.2 per cent on the New York Stock Exchange, following the automaker’s announcement of a $10 billion share buyback and 33 per cent hike to dividends.
Texas-based, NASDAQ-listed, cyber security company, Crowd Strike Holdings lifted 10 per cent after exceeding its 4th quarter guidance on strong demand for services, and, data storage play NetApp gained 15.4 per cent after lifting its annual profit projections.
There’s growing confidence that the Reserve Bank may start cutting interest rates in the US in May as inflation continues to ease faster than expected.
Back home, there’ll be a new listing on the ASX today with national disability insurance provider Freedom Care Group Holdings opening for trade under the ticker code FCG.
The company was previously Resource Generation, which was placed into voluntary administration in mid-2021 when it failed to raise funding for a South African coal mine.
Resource Generation has bought Western Sydney-based Freedom Care Corporation in a scrip deal and has a new identity to start providing NDIS services.
It raised $3.2 million with 20-cent shares through its IPO.
The Aussie dollar is buying 66 US cents, Bitcoin is a touch below $57k.
Iron ore has dipped 3 quarters of a per cent to trade at $133.50, Crude oil has lifted nearly two per cent to $77.73, gold is up to $2044 an ounce, while natural gas has dipped one and a half per cent to just below $2.80. Uranium has lost a little ground to $80.85 a pound, with copper just under the $3.80 mark.
