The ASX 200 will go green on Monday, implied by ASX futures – up 0.21 per cent (15pts) near 8:30 AEDT.
US markets were impacted by the Thanksgiving season on Friday, but, the S&P 500 has now been on the up for a month.
November is typically a good month for equity markets, and the data has made it obvious that this remains the case.
The S&P last traded up 0.06 per cent to 4559 points; the NASDAQ down 0.11 per cent to 14,251pts.
No major Australian data today but at 12.30 pm AEDT we get Chinese industrial profits data for October.
Here’s what stocks are catching eyes this morning:
BBX Minerals (ASX:BBX) has confirmed a new REE discovery at Apui.
The quality of mineralisation has been called “exceptional.”
Rare earth grades clocked 2757ppm total rare earth oxides in one sample.
Shares last traded at 2.8 cents.
Invictus Energy (ASX:IVZ) has released another update on its Mukuyu-2 sidetrack well.
“Following the conclusion of the drilling of the 8 ½ inch hole section, the sidetrack well will be logged including wireline formation testing and final results provided,” the company wrote on Monday.
The company noted that “over-pressured gas-bearing reservoirs were encountered in the original Mukuyu-2 wellbore.”
Shares last traded at 14.5 cents.
Midway Limited (ASX:MWY) has updated the market about a land sale to develop a grain terminal.
The woodfibre export specialist has inked an MOU with privately held CHS Broadbent.
Midway will sell part of its VIC landholding to CHS such that it can build out an 80,000 tonne grain storage and export facility.
Shares last traded at 74.5 cents.
Hannans (ASX:HNR) has won a European grant to build out a lithium recycling project.
Via its project consultant Greenhouse, the company will take part in a pilot project called ReLiFe.
The program, Hannans notes, aligns with EU targets for critical raw materials.
Shares last traded at 0.7 cents.
IGO Limited (ASX:IGO) has updated the market on its hunt for a new CEO.
Ivan Vella will come on board the lithium miner on 11 December 2023 as MD and CEO.
Vella was previously set to come on board IGO and was recently fired publicly by Rio Tinto on the grounds of failing to maintain commercial privacy. IGO says Vella accepts the breach and that it welcomes him with enthusiasm.
Shares last traded at $8.47.