Market Open: ASX set for another day of gains after US session

Good morning! The US NASDAQ hit a fresh record high overnight and that appears to have been enough to inject some optimism into the local share market.

ASX futures imply the local market will rise +0.4% for the Tuesday session, even as bond yields remain high along with oil prices.

As it stands, the ASX200 is up eight tenths of a percent over the last week but still down -3.5% over the last month. Still, that figure looked worse last week.

Looking at commodities as at 9.05am AEDT:

• Brent Crude @ US$100.22/bbl
• Gold @ US$4,143/oz
• Copper @ US$6.58/lb
• Silver @ US$61.06/oz
• Iron Ore @ US$91.80/tn

Taking a look at what’s drawing eyes on HotCopper:

Dreadnought Resources news of shallow high-grade gold is attracting eyes in morning pre-market traffic,

Itech Minerals‘ news of extensions to its known gold-antimony mineralisation also attracting attention,

ActivePort Group has secured an A$1M contract in Mumbai, and,

Sunshine Metals has extended gold mineralisation at its Sybil asset.

That’s Market Open for now, good luck through the trading day and we’ll be with you for ASX Today.

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