Good morning and welcome to the second day of the week. The ASX is set to rise with futures up 29pts higher (up 0.42 per cent) as at 8:30 AEDT.
The US finished in the green overnight, a welcome change, with the S&P 500 up 1.20 per cent and the NASDAQ up 1.16 per cent.
Overnight German inflation was shown to have cooled to a more than 2-year low; the country’s economy makes up 40 per cent of the Eurozone’s and so is taken as a bellwether for the entire region.
Israel’s leader said overnight a ceasefire would not be his ideal path forward, indicating the Middle Eastern war uncertainty is set to remain for a while yet.
Fun fact: Palestine has its own stock exchange headquartered in the West Bank.
In Australia the IMARC2023 conference kicks off today over east; there’s not much in way of domestic economic data today.
Here’s what stock traders are watching pre-market:
Mantle Minerals (ASX:MTL) has released its latest quarterly.
The company commenced aircore drilling at Roberts Hill during the period and advanced key approvals.
The company finished September with $2.4 million in cash.
Shares last traded at 0.3 cents.
Mount Ridley (ASX:MRD) has released its latest quarterly.
The company highlighted its ongoing drill run for 8,000 metres targeting rare earth elements (REEs).
The company’s headline result was a 22-metre thick intersection grading at 2160ppm REEs.
Shares last traded at 0.2 cents.
Meanwhile, Hastings Technology Metal (ASX:HAS) has also released its latest quarterly.
The company reported no injuries in the period and appointed Paul Brown as CEO.
The company ended the period with $67.5 million in cash.
Shares last traded at 76.5 cents.
Arcadia Minerals (ASX:AM7) has also released its quarterly.
The company raised $1.5 million across the quarter with major shareholder Raubex Group chipping into a recent placement.
The company completed fieldwork at its Swanson lithium project over the quarter, targeting 8 known pegmatite targets.
Shares last traded at 8.5 cents.
Finally, Little Green Pharma (ASX:LGP) has – you guessed it – released its latest quarterly.
The company found itself at the end of September with $6.2 million in cash receipts.
Across the three-month window, LGP also released five new products.
Shares last traded at 16 cents.