Futures markets are implying the ASX200 will trade in the red today, with ASX futures down -0.13 per cent near 8.30 am AEDT.
(Apologies to Stocks To Watch fans, I’ve been sick.)
These lacklustre futures implications comes even as US PCE core inflation over night was in-line with expectations at 3.5 per cent – edging ever closer to the Fed’s target band.
To that end, there was even better news – the yearly PCE growth rate cooled to 3%. PCE is the Fed’s “preferred” inflation measure, but, perhaps markets pay more attention to CPI.
The S&P 500 finished up 0.38 per cent but with the NASDAQ down -0.23% per cent.
The Dow Jones finished up above the rest, something that doesn’t usually happen, up 1.47 per cent.
No major Australian economic data today.
Here’s what stocks are catching attention this morning.
Invictus Energy (IVZ) has extended its rig contract for 2 years.
The rig will remain in the Cabora Basin where the company’s acreage is located.
The Exalo Rig 202 is lined up for future wells into 2025.
Shares last traded at 16.5c.
Develop Global (DVP) has won the Mt. Marion contract.
The underground lithium play was awarded to DVP in part with a nod from interest holder MinRes.
Chinese Gangfeng Lithium is also in the mix on-site.
Shares last traded at $3.06.
Calmer Co (CCO) is reporting a 70 per cent jump in e-store sales.
The company has clocked more than $110K in revenue.
Calmer Co’s Kava drink products are set to be rolled out in Coles from the start of 2024.
Shares last traded at 0.6c.
Auric Mining (AWJ) has banked another $1.3 million.
This comes on the back of gross revenues of $29.28 million.
Auric has flagged it will be self-funding through 2024.
Shares last traded at 5.8c.
Talisman Mining (TLM) has received new drill assays it sunk from going after electromagnetic anomalies.
An 18 metre thick section grading at 5.2g/t silver was flagged as the highlight hit.
Despite this apparent success, the company didn’t actually make it to the EM targets – RC rig difficulties are blamed.
Shares last traded at 19.5c.