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The Reserve Bank of Australia Minutes were released on Tuesday morning with traders parsing the documents to get an idea of how likely rate hikes could be.
The market was flattish red before the minutes were released; following their publication the ASX200 has slipped trading down 0.3%.
Woodside Energy is leading the energy sector higher, making the sector the top gainer in morning trades, up 1.1%.
Meanwhile, Brent Crude has climbed back above $86 American dollars per barrel, according to reports, Baker Hughes has also agreed to stand by Woodside and its plans to expand Australia’s LNG supply chain.
Company News
Deep Yellow (ASX:DYL) is down around 3.4% after appointing Nedbank as the Mandated Lead Arranger and Book-runner to coordinate and arrange project financing for its flagship Tumas Project in Namibia.
This move aims to launch Tumas amid historically stable uranium prices.
DYL has been trading at $1.29.
Mayne Pharma (ASX:MYX) has dipped more than 4.75% in morning trades in response to its $38M settlement payout as part of a class action.
The class action, brought in Victoria’s Supreme Court in 2021, related to alleged conduct in the US. Mayne assumed no liability regarding the allegations.
MYX has been trading at $4.42.
Energy minerals developer, Walkabout Resources (ASX:WKT) has announced the first graphite concentrate shipment from Lindi Jumbo is set to sail to Europe.
Lindi Jumbo is Walkabout’s 100% owned graphite project in Tanzania’s Mozambique Belt.
The maiden shipment will sail in the coming days, with pilot orders trickling through.
WKT has been trading at 11.5 cents.
