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The ASX 200 is set to open all but flat today, down just 0.4%, with Aussie investors’ eyes on key inflation data coming Wednesday.
Wall Street ended its last week mixed, with the tech-heavy Nasdaq managing a 0.6% rise while the Dow Jones Industrial Average dropped by the same half a percent.
The U.S. markets are taking a deep breath (and some profits) before a busy reporting season rolls through this week – five of the Magnificent Seven stocks will share quarterly earnings, including Alphabet, Microsoft, Meta, Apple, and Amazon.
At home, markets are similarly in a holding pattern as the Australian Bureau of Statistics prepares to show headline inflation rose 2.9 per cent to September 30.
ANZ Group (ASX:ANZ) has flagged a $196 million accounting fee – comprising $25 million for accelerated software amortisation and a $171 million collectively assessed credit impairment charge – from its Suncorp (ASX:SUN) buy.
The market is also expected to respond to news that AustralianSuper sold down its quite substantial shareholding in Mineral Resources (ASX:MIN) last week.
On HotCopper, Strike Energy (ASX:STX) and Lodestar Minerals (ASX:LSR) have already drawn some interest from users.
Looking at forex, the Aussie dollar is buying 66.1 US cents.
To commodities, which are in the greenback,
Iron Ore has slid slightly, to $104.23 a tonne in Singapore
Brent Crude is trading at $76.05
Gold is trading at $2,781 per ounce, and,
US natgas futures are at $2.56 per gigajoule.
That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.
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