The Market Online - At The Bell

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

The ASX200 is expected to lose 0.27% when the market opens today, as the US continues to debate interest rates amid sticker than expected inflation.

Economists are increasing voting on a December rate cut in the US – although some aren’t so sure there’ll be one this year at all.

US markets did recover somewhat overnight, the Nasdaq was up nearly 1.7%, and, the S&P500 by about three quarters of a per cent. The Dow Jones traded flat.

Apple, Broadcom and Nvidia each more added more than 4%. Apple announced it’s refreshing its Mac products with an AI focus.

Back home, and there’s a new listing expected on the ASX later this morning.

Far Northern Resources (ASX:FNR) will debut after raising $4.165 million with 20c shares. It has the Bridge Creek gold project in the Northern Territory, and the Empire and Rocks Reef copper-gold projects in Far North Queensland.

In other stocks to watch: AMP (ASX:AMP) is holding its Annual General Meeting today; Origin Energy (ASX:ORG) has announced it’s buying the 1.5 gigawatt Yanco Delta windfarm development in New South Wales; and, New Peak Metals (ASX:NPM) has finalised the paperwork to sell it Finland gold permits to a Canadian private company in a cash and scrip deal worth about A$2.4 million.

One Australian dollar is buying US65.4 cents.

Gold gained 1.7 per cent to be trading at a record US$2376 this morning – which is above A$3630 Australian dollars an ounce. Silver also made gains of nearly 2 per cent overnight to be just below US$28.50 an ounce.

Iron ore’s been trading around US$104 a tonne.

Brent crude slipped overnight but is still holding above $US90 a barrel, and natural gas lost ground to US$1.80 per million British thermal units.

More From The Market Online
The Market Online Video

ASX Market Close: Financials drag bourse lower as China’s growth beats estimates | January 17, 2025

The ASX200 closed down 0.2% at 8,310 points. China’s latest economic data beat estimates.
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 3, 2025

Good afternoon and welcome back to HotCopper highlights for the third week of the year – let’s get into it. 
Rio Tinto building

Rio shares drop 1% on talk of Glencore merger

Rio Tinto has been trading down on reports that the mining titan could be in merger…
Jonathon Davidson is thrilled to be back at work

HotCopper Highlights: Your most watched stocks for Week 2, 2025

Welcome back! It's 2025, and traders are looking for stockpicking opportunities. Here's what HotCopper users are…