Good morning and a happy Thursday to you. The ASX200 is tipped to rise .67% around 8.30am Sydney time, which would see the sharemarket advance beyond the 8,350pt mark.
That would beat the former record high hit on Tuesday. The news follows, as ever, a strong night on Wall Street where we didn’t see earnings shocks like yesterday.
In Australia, we get fresh local unemployment data this morning at 11.30am Sydney time.
On the ASX, BHP has beaten iron ore sale estimates in the September quarter, and Commonwealth Bank has been fined a paltry $7.5M for spamming customers.
Looking at forex, the Aussie is still buying around 67 US cents.
Turning to commodities which are in the greenback,
Iron ore has dipped to $104.50 per tonne in Singapore,
Brent dipped further to $73.80 overnight,
Gold is travelling around $2,673 per ounce, and,
US natgas is at $2.37 per gigajoule.
That’s Market Open, I’m Jonathon Davidson, stick around with us for HotCopper’s market update later in the day.