Join our daily newsletter At The Bell to receive exclusive market insights
Good morning and welcome to the trading week, I’m Jonathon Davidson. ASX200 futures are tipping a green day for the local bourse, up just shy of 0.4% at 8.30am Sydney time.
This comes following well-received US CPI data last week; a release of Israeli hostages as part of a ‘ceasefire deal,’ and the biggest event of this month – Trump’s full coming to power later this week.
On the ASX, Xingchun Wang, the man who has been buying up a stake in Star Entertainment, has been revealed to be a high level coal mine investor. Meanwhile, South 32 has released its latest quarterly.
On the small end of town, Marmota says it has increased gold grades at its Aurora Tank asset by 73%. It will soon kick off drilling; in late September it had just under $3M in cash.
Looking at forex, the Aussie is buying 62 US cents.
Turning to commodities where prices are in the greenback,
Brent Crude has slipped to US$80.80/bbl,
Gold is fetching US$2,700/oz,
Iron Ore is commanding US$104/tonne in Singapore, and,
US natgas futures at US$3.94 per gigajoule.
Thats Market Open, have a great Monday.
