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The ASX200 is set to rise with futures up 0.18 per cent near 8:30 AEDT following another green night in the US.
The S&P500 finished up 0.39 per cent; the NASDAQ up 0.20 per cent.
This week, we get interest rate decisions from the US Fed, the European Central Bank, and the Bank of England. We also get US CPI and retail sales data.
It’s going to be a big week, to say the least – brace for ASX volatility, one way or the other.
We learned that deflation in China remains entrenched at the end of last week and this can also be divined through the low oil prices – according to Citi.
Citi’s head of global commodities trading Max Layton said he believes that US$70-$80/bbl is the “right” price range for WTI Crude “in the short run”. One is also left to wonder how much of the decline in lithium prices has to do with China’s economic migraine.
Here’s what stocks are catching eyes this morning:
Sunshine Metals (ASX:SHN) has released new drilling data.
Drilling has confirmed the presence of a high-grade main feeder at Liontown.
A highlighted drill intercept came in at 17 metres in length at a grade of 22.05g/t gold.
Shares last traded at 3 cents.
Also in materials, Spartan Resources (ASX:SPR) has posted fresh assay results.
The leading highlighted intercept came in at 18.4 metres in length at 6.10g/t gold.
That came from a depth of 453 metres and all results posted today were at considerable depth.
Shares last traded at 46 cents.
Titomic Limited (ASX:TTT) has entered into a new manufacturing partnership.
SA-headquartered Starke Advanced Manufacturing Group is the chosen peer.
Titomic chief Herbert Kopeck says Starke’s “renowned tooling and moulding solutions” will be instrumental towards boosting Titanic’s own operations.
Shares last traded at 3.3 cents.
Meanwhile, Kula Gold (ASX:KGD) has hit multiple stacked pegmatites at Cobra.
“11 holes logged with visual pegmatites in multiple intervals varying from 3m to interpreted 55m thick” were reported.
Visual observations should be considered low confidence; assays are pending.
Shares last traded at 2.2 cents.
And, Westar Resources (ASX:WSR) has similarly found pegmatites, this time at Olga Rocks.
While assays are pending, the company reports that both pegmatites and gold have been intersected across 1462 metres of combined aircore and RC drilling.
Olga Rocks is located in southwest WA.
Shares last traded at 2.5 cents.
