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The Aussie share market should regain most of yesterday’s losses, with futures suggesting a third of a per cent lift.
That’s what the Dow Jones has also picked up overnight to reach a new record high.
Meanwhile, the Nasdaq has shed 0.3 per cent and the S&P 500 has ended the session more or less flat, but still holding up in record territory, above 5000 points.
AI play and chip maker Nvidia added nearly three per cent to a market cap of US$1.83 trillion, overtaking Amazon and becoming the fourth-most valuable U.S. company.
Microsoft is the biggest at over US$3 trillion, followed by Apple and Alphabet.
It’ll be an important night tonight, with the US due to receive its latest monthly consumer price data.
Back home, earnings reports are coming in from companies include home appliance manufacturer Breville Group (ASX:BRG) which has announced its NPAT up 6.7 per cent for the first half and a 16-cent dividend – a cent higher than the same time last year.
Investment manager Challenger (ASX:CGF) has announced Net Profit After Tax up 80 per cent and a 13-cent dividend, while weaker advertising markets were blamed for the Kerry Stokes media giant, Seven West Media Group (ASX:SWM), seeing it’s NPAT ‘down’ 49 per cent.
Other stocks to watch today include healthcare player CSL (ASX:CSL) which took a beating yesterday after Phase 3 trials of its heart drug candidate failed to meet end goals, and Arafura Rare Earths (ASX:ARU) which has announced a gas supply agreement with New Zealand Oil & Gas (ASX:NZO) for its Nolans Project in the Northern Territory from 2026.
One Aussie dollar is buying 65 US cents. Bitcoin is above US$50,000 for the first time since December 2021.
Iron ore is at US$128, crude oil is just under US$77 a barrel. Gold has dipped below the US$2020 mark, while natural gas took a six per cent slide to US$1.73.
