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The ASX200 is set to open more than one percent higher (1.03%) on Friday, despite a mixed performance on Wall Street overnight.
Investors in the US were scrutinising several factors on Thursday, including company earnings, economic data, and continuing trade uncertainty. This producing a fourth straight gain for the S&P 500 – which was up 0.4% – lifted by Cisco’s 3.7% jump on an upbeat AI-driven forecast, while the Dow increased 271 points and the Nasdaq 100 finished soft, weighed down by the performances of Amazon and Meta.
On the ASX, Marimaca Copper Corp (ASX:MC2) has extended its Pampa Medina Norte discovery in Chile, with results diamond drilling of the initial discovery hole confirming the extension of sediment-hosted ‘manto-style’ mineralisation.
Fletcher Building Ltd (ASX:FBU) has unveiled a restructuring program which will see the disestablishment of the company’s Australia division as a standalone, with CEO of this division – Gareth O’Reilly – to leave the company.
And Larvotto Resources Ltd (ASX:LRV) has announced an initial resource for tungsten found within its Hillgrove gold and antimony project in New South Wales, with this being 4,774 tonnes of tungsten trioxide (WO3).
To commodities – all in US $ here: Iron ore is $101.50 on the Singapore Exchange, gold’s trading at $3246, Brent crude is $64.61 & natural gas is $3.37 a gigajoule.
One Aussie dollar is buying 64 US cents.
