The Reserve Bank of Australia has left rates on hold in line with consensus expectations.
The ASX200 has been down 0.4% leading up to the decision at 8,125 points. In the US, both the S&P500 and Nasdaq rose by 0.3% and the Energy sector surged 1.3%.
Aussie sectors are a mixed bag, and Materials has been leading, up 1.6%, followed closely by Energy, up point seven of a percent and Utilities a third of a percent.
Consumer Staples has been smashed again, down 1.7%, as investors continue to react to regulatory litigation against Coles and Woolworths.
Company News
Anson Resources (ASX:ASN) has been up 1.3% after receiving a Letter of Interest (LOI) from the USA’s export-import bank to the tune of US$330M.
Anson Resources has been trading at 7.8 cents.
American Rare Earths’ (ASX:ARR) has been up around 11.7% in lunchtime trade.
US Export Import bank also issued the company a non-binding Letter of Interest (LOI) in a separate decision priced at US$456M. The project is the Halleck Creek rare earth element (REE) play in Wyoming, where drilling kicked off back in July.
American Rare Earths has been trading at 30 cents.
Sun Silver (ASX:SS1) has been down around 2.7% after it unveiled a hit of silver and gold. The further “high-grade” intercept was 71 metres and 113g/t Silver equivalent down drillhole MR24-190.
Sun Silver has been trading at 73 cents.