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The ASX200 is set to open nearly three quarters of a percent lower today (-0.41%), echoing a mixed performance on Wall Street.
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On Wednesday, the S&P 500 rose 0.1% after erasing its losses for the year, while the Dow fell 89 points and the Nasdaq 100 lifted 0.7%, on the back of gains in major chipmakers. Investors were scrutinising evolving trade policies alongside recent strength in the tech sector, while officials from the US Federal Reserve highlighted a cautious outlook amid mixed inflation data. In April, inflation was 2.3%, down from an annual rate of 2.4% in March, however the annual rate of core inflation was 2.8% in April, up from 2.4% in March.
On the ASX, Errawarra Resources Ltd (ASX:ERW) has found silver grading up to 920 grams per tonne (g/t) in surface samples which were analysed by portable XRF.
Immutep Ltd (IMM) has achieved strong response rates in first-line non-small cell lung cancer in a trial testing the combination of its therapy candidate eftilagimod alpha, anti-PD-1 therapy, KEYTRUDA® (pembrolizumab) and doublet chemotherapy.
And Lendlease Corporation Ltd (LLC) has responded to British media reports, saying it was in the late stages of arranging a joint venture deal with Prince Charles’ Crown Estate involving 6 development projects within Lendlease’s UK development portfolio.
To commodities – all in US $ here: Iron ore is $101.70 on the Singapore Exchange, gold’s trading at $3183, Brent crude is $65.82 & natural gas is $3.46 a gigajoule.
One Aussie dollar is buying 64 US cents.
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