The ASX is set to surge with ASX futures up 0.91 per cent near 8.30 am AEDT.
The green tip follows a strong session in the US on Friday, buoyed by the country’s recent inflationary data which is nearing the Fed’s desired 2-3 per cent target band.
We had a red Friday here in Australia as people apparently missed that data – or waited to see what the US would do first.
What it did was pretty enthusiastic. The S&P 500 hit a year to date (YTD) high on Friday at 4595pts.
Here’s what stocks are catching eyes this morning.
Botanix Pharma (BOT) has issued an update on its relationship with the FDA.
The FDA has sent its feedback to the company regarding its new drug application for Sofdra.
The FDA did not require any new materials to be included in a resubmission.
Shares last traded at 16.5c.
Strike Energy (STX) has confirmed continuity at South Erregulla.
To the northwest of existing targets, the company has confirmed a conventional net gas pay of 13 metres.
The company continues to try and make underground carbon capture work, too.
Shares last traded at 42c.
Western Mines (WMG) has revealed its latest assay results.
The company has highlighted a 129m thick intersection at 0.34 per cent nickel at Mulga Tank.
One 8 metre pocket hit grades over 1 per cent.
Shares last traded at 28c.
Bluglass (BLG) has updated the market on the progress of a microelectronics contract.
Bluglass executed a US$1.177 million deal with North Carolina State University.
The company states it will help develop “laser activity” through FY24.
Shares last traded at 5.9c.
Fin Resources (FIN) has reported high-grade lithium samples.
Posting brief intersections, the company headlined with a 1 metre intersection at 2.39 per cent lithium.
Three other similar intersections were posted with the bottom grade being 0.84 per cent.
Shares last traded at 2.7c.