ASX Market Open: Local bourse to fall as world awaits Fed call | July 30

The ASX200 is set to fall nearly three quarters of a percent following cues from Wall Street.

US markets had a quiet night as the world awaits the US Fed interest rate decision later this week.

Australians also get a taste of the local CPI Inflation read on Wednesday; a higher than expected headline will make the RBA more likely to raise rates next week.

Looking at the ASX,

Tivan Limited (ASX:TVN) is attracting attention as it provides a milestone update.

The company has released word on the PFS for its Speewah Fluorite Project.

Meanwhile, The Star Entertainment Group (ASX:SGR) was raising eyebrows as it responded to an ASX price query.

The casino group has been getting told off by the government and its own shareholders all year.

Finally, Anteotech (ASX:ADO) was also stirring interest on HotCopper ahead of market trade.

The company has inked a contract worth US$1.8M – over five years.

In forex, the AUD is buying 66 US cents.

In commodities, Brent Crude dipped nearly two percent overnight to $79 American dollars per barrel, and gold dipped to $2,384 American dollars per ounce.

Natgas futures jumped nearly three percent to $2.05 American per gigajoule, and closer to home, iron ore remains at $105 per tonne American at Singapore.