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The ASX 200 is expected to rise this Tuesday morning, with Aussie futures tipping a 0.75% rise at open as Black Friday sales starts the Santa rally in earnest.
The U.S. is certainly gearing for a strong December – or rather, its November bull rush simply continuing – with the tech-heavy Nasdaq compositive (up nearly 1%) and the S&P 500 (+0.2%) both chalking record highs.
One reason for the boost was Apple, which set a new $240.79 per share record.
Black Friday and its follow-up Cyber Monday pushed retail across the board in the States through Monday trade – Amazon followed Apple with a 1.2% spike.
In fact, Intel was one of the only down companies in the Wall Street tech sector, though that was because CEO Pat Gelsinger pulled the plug on his reign out of the blue.
Back home, the Coles (ASX:COL) and Woolworths (ASX:WOW) war against the ACCC has found a new battleground: The $5 Oreo packet. The supermarkets are arguing the regulator “doesn’t understand how pricing works.”
Richard White will face WiseTech (ASX:WTC) investors for the first time since major allegations against him. The $42.3b software company is hosting its investor day at Sydney’s W Hotel today; White will appear in a “fireside chat” alongside chairman Richard Dammery and interim CEO Andrew Cartledge.
Elsewhere, KFC operator Collins Food (ASX:CKF) will share earnings today. The Bank of Queensland (ASX:BOQ) will be hosting its AGM too.
HotCopper users are already watching Hazer Group Limited (ASX:HZR) this morning too after the technology development company was successfully awarded $6.2 million from the Lower Carbon Grants Program.
Looking at forex, the greenback has strengthened after Trump’s warning to Brics nations over its breakaway currency plot. The Aussie dollar is buying 64.7 US cents.
To commodities (in the greenback) and there’s been lift in most after China yesterday shared relatively upbeat factory data for the second month in a row – most of that success comes after Beijing’s stimulus blitz.
Iron Ore has climbed again, to $102.44 a tonne in Singapore,
Brent Crude is trading at $71.84,
Gold is trading at $2,638 per ounce, and,
US natgas futures are down 4% at $3.20 per gigajoule.
That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.
