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The ASX200 has claimed a new record, reaching above 7,950 points on the back of positive futures.
Those futures were informed by a US inflation read of 3% lower than the expected 3.1%.
Core inflation in the US stands at 3.3%.
All sectors but one are up today; IT is the only sector to fall into the red, by nearly 1%.
Real Estate is leading – up 2.4%, with Discretionary following closely behind, up 1.6%.
Company News
Mining giant BHP (ASX: BHP) is trading down about half a per cent after announcing its suspending operations at its Western Australia nickel mine in October, due to the lower prices of the commodity.
This decision is expected to result in an underlying earnings loss of $443.5 million, along with an impairment charge as high as A$5.62 billion.
BHP’s stock has been trading around $43.34.
SKS Technologies Group (ASX: SKS) has been up as much as 21% after securing a $90 million data centre project with Built.
The work is part of an expansion to an international hyperscale data centre in Melbourne’s western region, to be completed by August next year.
It brings the company’s work at hand to $178 million.
SKS has been trading around $1.36.
And, Kingsgate Consolidated (ASX: KCN) has gained 2.85% announced that its Thailand local partner Akara Resources has reported more gold intersections near the Chatree Gold Mine.
The best result from 34 reverse circulation (RC) drill holes was two metres at just over 2 grams per tonne of gold from 36 metres.
KCN has been trading at $1.64.
