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ASX today – Australian shares are heading for a middling start Thursday, staying mostly flat after the U.S. Federal Reserve decided to keep things on hold overnight. That, paired with yesterday’s surprise inflation hike, has left most Oz investors waiting for better signals before starting to move either way.
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I can’t blame anyone keeping powder dry – there’s probably a plodding doldrums period coming through to Tuesday in WK6, when we actually hear what the RBA plans to do. Should it be anything but a hike, it’ll be a shock.
There was a time earlier this morning (in futures, of course) that it looked a fair bit redder for us Aussies, though, so a ‘sell’ sentiment is hovering around. As I write this up, however, futures are actually bang on a zero-point change, +0%, so there’s probably little chance we see big swings right out the gates.
Whether that changes remains to be seen…
Now, let’s get into stock news for Thursday morning, where results reign.
ASX stocks to watch
First up, WIN Metals (ASX:WIN) has increased Radio’s MRE by 46%, to 41,000 ounces, at 3.7 grams per tonne gold, after the explorer “aggressively worked towards positioning Radio as a near-term production story.”
In similar news, microcap explorer Great Western Exploration (ASX:GTE) has squared up six copper-gold targets at Juggernaut early this quarter.
And to results: Iluka Resources (ASX:ILU) has its out early today. The critmins producer told shareholders to expect two “exceptional charges” among the numbers, totalling $565M, after Cataby’s CY25 suspension.
Elsewhere, Liontown Ltd (ASX:LTR), Mineral Resources (ASX:MIN), and Whitehaven Coal (ASX:WHC) are all among others reporting today.
And, Mayne Pharma (ASX:MYX) has its AGM on this morning.
Buck and ore
Now – in forex, the Aussie dollar is buying US 70c.
Looking at commodities, all in the greenback,
Iron Ore is down -0.7%; today selling at $103.05 a tonne in Singapore,
Brent Crude‘s up +1.6%, to $68.62/Bbl,
Gold is selling at $5,401/ounce,
US natgas futures are back -1.2%, to $3.74 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – happy trading.
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