The Market Online - At The Bell

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

Good Morning and a happy Wednesday. The ASX200 futures market perceives the local bourse is set to rise +0.8% on Wednesday.

Wall Street rallied overnight as US producer inflation data came in lower than expected. While the data series doesn’t really predict CPI inflation, which we get this evening from the States, it does feed into PCE inflation, which the Fed pays more attention to.

Just like that, last week’s recession concerns appear to have been forgotten.

Looking at forex, the Aussie is currently buying 66 US cents.

In commodities, brent crude is at $81 dollars per barrel; gold is at $2,465 dolllars per ounce. Iron ore is at $98 dollars per tonne in Singapore and US natgas futures are at $2.16 per gigajoule. All of those prices are in the greenback.

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

More From The Market Online

Elixir Energy hits milestone at Lorelle-3H well with commencement of post-soak flow testing

Elixir Energy is set to hit a key milestone with a new phase of testing of…
Brent falling concept

Energy sector worst off on Thursday as Brent Crude falls below US$100/bbl

While all 11 sectors on the ASX are red for this surprisingly bloody Thursday, the recently-very-volatile energy sector is actually the worst off,
HotCopper Daily Market Trends Graphic

Thursday’s HotCopper trends: Meteoric Resources, Marmota, Manuka Resources and other daily topics

With more than 600k average monthly users on the HotCopper forums, each and every discussion can…
Image of two soldiers looking at a drone

Droneshield up +8% WoW as fresh $720M US contract revives interest

Droneshield (ASX:DRO) has been struggling in particular ever since its founder and directors sold all of their shares out