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The ASX200 is set to rise 0.4% according to ASX futures around 8.30am on the final day of the week.
A green Friday would help claw back some losses incurred this week on the back of significant selling in the Mag7 Wall Street stocks.
Helping matters is that US GDP growth came in higher than expected at 2.8% growth in Q2 versus expectations of 2% and up from 1.4% in Q1.
Looking at the ASX,
Monadelphous (ASX:MND) has won a contract teaming up with Woodside (ASX:WDS).
The company will help construct the Pluto LNG project with $200M to go to the builder.
Meanwhile, Dreadnought (ASX:DRE) has announced it’s buying more prime land along the Mangaroon Shear Zone.
The company’s new purchase is located in the centre of the Mangaroon gold project.
Finally, Horizon Minerals (ASX:HRZ) has released a prospective production update.
The Boorara ore reserve supports development, according to the company.
Looking at forex, the AUD is currently buying 65 US cents.
In commodities, gold has dipped -1.47% to US$2,363 while brent crude sits above US$82.00 a barrel. Iron ore is at US$105 per tonne in Singapore and US natgas has dipped -3.63% to US$2.04 per gigajoule.
