The ASX200 is set to open nearly a third of a percent higher today (0.27%) echoing Wall Street’s positive end to the week, driven by a strong jobs report and indications that trade tensions might be easing.
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The S&P 500 lifted nearly 1.5% on Friday, this being its ninth straight gain and its longest winning streak in two decades. Meanwhile, the Dow Jones jumped significantly by 563 points, with another rally of nine consecutive sessions, while the Nasdaq was up 1.5%. April’s nonfarm payrolls recorded an increase of 177,000, going beyond expectations and suggesting the US labour market was in the green, despite ongoing uncertainties about trading relationships.
On the ASX, New World Resources Ltd (ASX:NWC) has increased the mineral resource of its Antler copper project in Arizona by 25% to 14.2 million tonnes.
Pioneer Lithium Ltd (ASX:PLN) has found rock chips grading 1240 ppm uranium at the Skull Creek project in Colorado.
And Immutep Ltd (ASX:IMM) has highlighted strong survival rates among patients with neck and head tumours who were treated with the company’s Eftilagimod Alfa in combination with anti-PD1 therapy Keytruda, which is being developed by New Jersey company Merck & Co.
To commodities – all in US $ here: Iron ore is $96.00 on the Singapore Exchange, gold’s trading at $3241, Brent crude is $59.00 & natural gas is $3.70 a gigajoule.
One Aussie dollar is buying 64.5 US cents.