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ASX today – Australian shares are tipped to open modestly higher this morning, with a late Christmas rally over in the U.S. helping ASX 200 futures to a +0.1% advance heading into the calendar year’s last full trading day.
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While the stockmarket is loosely stronger, it’s precious metals and the Aussie that are enjoying bumper days. Our dollar is buying 66.5 U.S. cents today, but is now being tipped to reach as much as 72c by mid-CY26.
And then gold and silver have busted through new levels again: Gold is up some +2.2%, to over $4,430, while silver has followed its safe-haven sister.
It certainly isn’t the share-geared Santa rally some would have been hoping to see right before Christmas knocked on the door, but it should be enough to get most Aussie materials companies ticking along nicely.
(A reminder: We’ll trade normally today, before the bourse shuts at 2pm tomorrow.)
Now, here’s what companies are reporting this Tuesday morning.
ASX stocks to watch
For those following closely, DroneShield (ASX:DRO) has had another twist: The developer is forcing senior management to sit as company holders after chief Oleg Vornik sparked a multimillion-dollar selloff recently.
Elsewhere, Seven West Media (ASX:SWM) is heading for a delisting after investors voted in favour of a takeover by Southern Cross Media earlier this week.
Ramsey Health Care (ASX:RMX) has signed a sale agreement with National Capital Private Hospital today, where Ramsay will take on all assets and operations from the relevant Healthscope Group entities should the deal go through.
And, Infini Resources (ASX:I88) has snuck in one last pre-Chrissy victory at its Reitenbach Lake project, with the explorer confirming there’s high-grade uranium mineralisation at surface at the site’s Titus prospect.
Watch gold and silver stocks, too: The commodities popping will help stocks.
Buck and ore
Now – as mentioned for forex, the Oz dollar buys 66.5 U.S. cents.
And, Looking at commodities, all in the greenback,
Iron Ore has recovered some +0.2% today, to $104.90 a tonne in Singapore,
Brent Crude is +2.5% stronger at $61.95/bbl,
Gold is at $4,446 an ounce, and,
US natgas futures are slightly up, at $3.99 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – good luck, happy trading.
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