The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Good morning and welcome to the start of Week 22. The ASX200 is set to rise today with futures up +0.47% at 8.40am AEST.

The US markets finished green on Friday. The S&P500 climbed +0.70% and the NASDAQ ended higher at +1.10%.

The Dow Jones and Russell 2000 smallcap indexes ended up +0.01% and +1.04% respectively.

The ASX sold off by -1% on Friday, driven by macro concerns surrounding American private sector activity. At the same time, NVIDIA’s latest earning results failed to garner attention ­– but tech stocks were in vogue again on Friday US time, and now we’re seeing the benefits of contagion sentiment down under.

Worth noting is that the US is currently on a 3-day-weekend, too. Can we do better going our own way? 

Looking at local stocks, Lendlease (ASX:LLC) is reportedly to unveil a global strategy today where it could divest all overseas assets.

Meanwhile, Smartpay (ASX:SMP) and Dicker Data (ASX:DDR) are set to release earnings today.­

Elsewhere, Hammer Metals (ASX:HMX) has inked an earn-in agreement with South 32 (ASX:S32) regarding Hammer’s QLD-based Isa Valley lead-zinc-copper project. This comes as copper prices remain over +30% higher YoY (after paring gains on Friday.)

Staying with the orange metal, Castillo Copper (ASX:CCZ) is also to kick off a surface sampling campaign at the company’s ‘Big One’ deposit near Mt Isa. The exploration team will target fault structures on-site.

In forex, the AUD is still buying 66 US cents, which is where it has sat for most of this month. 

In commodities, brent crude is at US$82.20/bbl, gold is at US$2,335.05/oz and copper sits at US$4.78/lb. Iron ore continues to sit at US$117/tn at the port of Dalian.

That’s market open – we’ll be with you later in the trading day. 

More From The Market Online
The Market Online Video

ASX Market Close: Consumer Discretionary rises ahead of interest rates decision | June 14, 2024

The ASX200 is down a third of a per cent to close the week. All sectors…
The Market Online Video

ASX Market Update: ASX slips 0.3%, Discretionary is the only sector to rise | 14 June, 2024

The ASX200 is trading down around 0.3%. The discretionary sector has made gains of 0.3%, all…

Week 24 Wrap: US contagion sentiment not so contagious; iron ore remains pressured

It was, overall, a lacklustre week for the ASX. We only saw one green day on…
The Market Online Video

Geology is King: Sun Silver says Maverick Springs will outshine high-grade Australian mines

Sun Silver Ltd (ASX:SS1) is seeking gold, silver and pathfinder elements at their Maverick Springs project…