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The ASX200 is set to open 0.72% higher today, following a cautious performance on Wall Street as investors await news of key trade negotiations between the United States and China.
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US stocks wavered between flat and lower trading at the end of last week, with the S&P 500 being 0.1% lower, the Dow Jones dropping 119 points, and the Nasdaq 100 ending Friday mostly flat. Despite an initially positive sentiment which followed the announcement of a trade deal between the US and UK earlier in the week, there was uncertainty about whether Geneva-based talks with China would yield meaningful progress.
On the ASX, Nordic Resources Ltd (ASX:NNL) has completed a data review at its Kiimala Trend gold project in Finland, confirming intersections which include up to 4.93 grams per tonne (g/t) over 10.4 metres.
Infini Resources Ltd (ASX:I88) has appointed Rohan Bone – a mining engineer with 18 years’ experience working at mining projects across the globe – as its new chief executive officer.
And New Frontier Minerals Ltd (ASX:NFM) has conducted outcrop sampling at the new Paddington and Westminster prospects of its Harts Range project in the Northern Territory, returning 10.61% TREO (total rare earth oxides) with 23.56% Nb2O5 (niobium pentoxide) and 15.67% Ta2O5 (tantalum pentoxide).
To commodities – all in US $ here: Iron ore is $97.00 on the Singapore Exchange, gold’s trading at $3280, Brent crude is $64.20 & natural gas is $3.76 a gigajoule.
One Aussie dollar is buying 64.0 US cents.
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