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There was heavy selling on Wall Street last night seeing the Nasdaq down 0.4 per cent, the S&P 500 shed 0.3 per cent and the Dow Jones drop 0.1 per cent.
As a result, the ASX200 is expected to dip another 0.11 per cent as trade gets underway.
In New York, Donald Trump launched social platform Trump Media & Technology Group and on its first day on the Nasdaq, it was up more than 15 per cent at close after surging as much as 60 per cent during the session.
Back home and the Australian Bureau of Statistics will release the latest consumer price index data for February, that’s due out later this morning. At least a dozen analysts HotCopper and The Market Online reached out to are predicting there’ll be a slight lift in the figures there.
Westpac Banking Corporation (ASX:WBC) has updated the market on its ‘Unite’ technology simplification program – it’ll spend $1.8 billion on initiatives before the end of the financial year and $2 billion each year until 2028.
And in small caps news: Lincoln Minerals (ASX:LML) has reported graphite intercepts up to 30.5 per cent from its Kookaburra Graphite Project on Eyre Peninsula in South Australia; Lefroy Exploration (ASX:LEX) is going to re-start gold exploration activities at Western Australian targets next month in a bid to grow it’s resource; and, Osteopore (ASX:OSX) has achieved approvals for its orthopaedic products in the Singapore and Vietnam markets.
One Australian dollar is buying US65.3 cents,
Uranium has continued to slide, it’s now back around US$85 a pound
Iron ore is down a little to US$110.50, gold has climbed to US$2178.68, brent crude is at US$85.83 and natural gas is around US$1.78 per million British thermal units today.
From 7.30 this morning here at HotCopper and The Market Online, AFL great Chris Judd will present Talk Ya Book, discussing all things Tesla.
