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The ASX200 is set to trade in the red today with the upcoming US inflation read causing some jitters overnight.
ASX200 futures were down -0.15% near 8.30am AEDT on Thursday as the S&P500 finished down -0.17% and the NASDAQ -0.55%.
By tomorrow, Australia will have the US PCE inflation gauge to consider.
Yesterday we saw an ambivalent Australian CPI read push the ASX200 in a different direction than what futures and the US markets would otherwise indicate.
Could a shock PCE read mess with the current rally?
Stocks catching eyes this morning:
Infini Resources (I88) has made an update on the Portland Creek Uranium Project.
The company’s geotechs will be on-site in the near future to commence fieldwork.
The play is in Canada along with Infini’s lithium acreage.
Shares last at 20.5c.
The Calmer Co (CCO) has released its half year report.
The company saw its Fiji Kava health and wellness drink products hit the shelves at Coles earlier this month.
The stock has also seen its products land on Walmart’s e-commerce platform.
Shares last at 0.6c.
Boss Energy (BOE) has issued guidance on uranium production timelines.
The much-watched uranium stock says “IX Testing paves [the] way” for the first drum of uranium to be produced this quarter.
While uranium futures remain above US$100/lb, they have slipped somewhat from their recent height at US$106/lb.
Shares last at $4.91/sh.
Mandrake Resources (MAN) has also got a uranium announcement out today.
The company has issued an exploration update likely to attract attention.
In short: geotechs say they’ve found high-grade uranium in concentrations up to 0.55% at surface.
Shares last 3.8c.
Helix Resources (HLX) has new drill targets to chase.
The targets were logged following a geophys program on-site at Canbelego.
The company is hunting copper.
Shares last 0.3c.
