The ASX is set to rise just over two tenths of a percent according to ASX futures pre-market on Friday following a mixed night on Wall Street.
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While the NASDAQ and S&P500 both ended in flattish territory, the Dow Jones index clocked a new record climbing more than one and a half percent.
Not much huge happened overnight when it comes to catalysts for the market down under though for lack of anything else to talk about. Bitcoin remains under pressure; this week institutional crypto buyer Micro Strategy posted the largest ever corporate loss after a sale.
Looking around the traps at home:
Megaport is in for a good day after Citi lifted its price target on the stock by 40% in response to a step-up in the company’s AI service delivery space.
Elsewhere, Resolute Mining has flagged a deteriorating security situation in the African nation of Mali likely to impact its mining operations, including explosives shortages.
Looking at commodities:
Gold is fetching US$4,470/oz; Brent Crude is at US$92/88/bbl; Copper fetching US$6.50/lb, up nearly 10% over the last month, and, Iron Ore fetching just over US$100/tn in Singapore.
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