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At The Bell — Australian shares will open mostly flat to start this shorter trading week (thanks, King Charles), though only very slightly as we look for guidance. There was a tech sell-off on Wall Street Friday, which we haven’t traded on yet, but that’s coming up against the U.S. and Iran halting attacks.
Hear from all the ASX-listed companies that were at the RIU Resources Round-Up in Sydney, right here on HotCopper.com. Over a dozen video interviews here.
When the bourse opens – should futures hold – we’ll add a hair below five points, +0.1%, and start trading somewhere ~8,580 points Tuesday.
It’ll be interesting to see what U.S. tech does all through Week 24, considering both Anthropic and OpenAI just filed for blockbuster IPOs over the weekend. When they’re actually arriving has not yet been locked in.
The Middle East peace is a close watch, too: Tehran has warned it will instantly resume strikes should Israel continue to bombard Hezbollah in Lebanon.
And at home, we get a few things in economic reporting today, with Westpac releasing June consumer confidence index at 10.30AM; NAB sharing its May business conditions and similar confidence reports an hour later.
ASX stocks to watch
Now, to stocks. Dexus (ASX:DXS) has suspended several executives, separated from advisor JPMorgan, and started a review into its $7.3B infrastructure empire after the Supreme Court ruled Dexus had breached a 30-year-old deal by sharing confidential info in an attempt to sell a shareholding in Aus Pacific Airports.
Elsewhere, Raiden Resources (ASX:RDN) has drawn up a binding sale agreement with Forgent to buy 80% of the Mt Sholl nickel-copper-platinum project in WA. The agreement will cost Raiden up to $2.8M.
LAC Gold (ASX:LAC) is further along in its buy-up deals: It has today wrapped up the transfer of all Golden Patricia property leases in Toronto.
And, Red Mountain Mining (ASX:RMX) has identified outcropping garnet skarn at the Mammoth and Greenstone prospects at the Pioneer Project in Montana. Rock chip samples are now being tested for mineralisation.
Keep an eye on Boresight Ltd floating tomorrow as well. That’s at midday.
Buck and ore
In forex, the Oz dollar buys US 70.4c.
Then to commodities, all in the greenback,
Brent Crude is still lower, hovering around $94.50 this morning,
Iron Ore is down -1.2%, at $100.35 a tonne in Singapore,
Gold down, $4,337/ounce, and,
US natgas futures -2.7%, ~$3.13 per gigajoule.
That’s HotCopper‘s Market Open, I’m Isaac McIntyre – happy trading today.
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