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After a day of profit taking yesterday, the ASX200 is set to stablilise, with futures tipping a 0.2 per cent rise.
US markets traded mostly flat, although the Nasdaq shed 0.4 per cent ahead of US inflation data due to land late tonight our time.
Iron Ore prices have fallen to their lowest point in several months, so that may dampen the day for the likes of BHP Group (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue (ASX:FMG).
Back home and buildings approvals and dwellings data will be released by the ABS this morning.
In small cap news today: Southern Cross Gold (ASX:SXG) intends to dual-list on the Canadian Stock Exchange (CSE). It listed on the ASX in 2022 as a spin out of Australian assets from Toronto-listed Mawson Gold.
Uranium-focussed Aurora Energy Metals (ASX:1AE) MD and CEO Greg Cochran has resigned to pursue and new opportunity and will step down before the end of the financial year; and, PainChek (ASX:PCK) has raised $2.5 million with 2.5 cent shares to take its pain monitoring app into the US market.
Crude oil is just below US$78 a barrel, although Brent gained another half a per cent to be near US$82.50.
As mentioned, iron ore is down, by about 0.85 per cent to US$117.50.
Gold is now up 14 per cent year on year, it’s been trading at US$2182.50 and natural gas has been trading around US$1.75 per million British thermal units.
