The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Good morning and welcome to the start of a new trading week – for those playing at home, it’s week 37 of the year.

The ASX200 is set to dip -1.3% on Monday according to futures around 8.30am AEST.

This follows a weak Friday session in the US, as well as more jobs data from the world’s largest economy that points to economic slowdown.

While economic slowdown is the intended point of rate hikes, because that means less inflationary pressure, the market has decided economic growth is now more important than inflation, so what was once good bad news is now bad bad news.

Looking at news from Australian markets on Monday, Westpac has appointed a new CEO; and there’s reports that Canberra wants Qantas to divest Jetstar.

Looking at commodities which are in the greenback,

Iron ore is fetching just over $92 per tonne in Singapore,

Gold is just under $2,500 per ounce,

Brent Crude is on its way to $72 per barrel, and,

US natgas futures are at $2.20 per gigajoule.

In forex, the Aussie can currently buy you 67 US cents.

That’s Market Open, I’m Jonathon Davidson, we’ll be with you later in the trading day for an update.

More From The Market Online
The Market Online Video

ASX Market Close: RBA keeps rates on hold amid sticky inflation | November 5, 2024

The Reserve Bank Board has kept interest rates on hold at 4.35% in line with consensus…
The Market Online Video

Timing will be everything for ‘smashing’ Hot Stock tip Judo Capital Holdings

Australian bank Judo Capital Holdings (ASX:JDO), best known for its finance and credit for small and medium-sized businesses, is
The Market Online Video

‘We’re looking’: Nickel-rich Indonesia sounds graphite warning to Aus producers

Nickel-rich Indonesia muscles in on Australian graphite producers as the Southeast Asian country expands into downstream…
Confused man

Aussie inflation seemingly hit a 3 year low. So why’s the ASX200 red?

Headline inflation in Australia has fallen to 2.8%, and that officially takes us into the RBA's…