The ASX 200 has been up 0.47% AT 8,386 points.
The inauguration of President Donald Trump in the United States has seen the Aussie bourse surge higher. Trump has already announced new tariffs on Mexico and Canada, slated to kick off on February 1.
Falling U.S. bond yields have driven the Australian dollar to a three-week high of US 62c.
Financials has been the best performing sector, up 0.8%, followed by Telecommunication, up 0.55%, and Discretionary, up 0.25%.
Company News
Alkane Resources (ASX:ALK) has been down 0.95% after exploration drilling at its Tomingley gold operations in New South Wales found gold intercepts – some grading beyond five grams per tonne (g/t).
Alkane Resources has been 53 cents.
BHP Group (ASX:BHP) has been up 0.75% after releasing its half yearly operational review. The company highlighted its robust performance in copper production, which increased by 10% year-on-year. The company’s performance at its flagship copper asset, Escondida, was pivotal in achieving this growth.
BHP has been $40.54.
Carnarvon Energy (ASX:CVN) has been down 22.6% after an update on its Dorado Phase 1 liquids development project in Western Australia. In partnership with Santos (ASX:STO) and OPIC Australia, the joint venture for Dorado has made the decision not to proceed with its floating production storage and offloading vessel.
Carnarvon Energy has been 12 cents.