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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.
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