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At The Bell — Australian shares are heading for a +0.6% advance this morning, which would add over 50 points to the local bourse, amid largely interesting resources quarterlies and despite U.S. tech wobbling slightly overnight.
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Blockbuster reports from Alphabet and Tesla were the main story on Wall Street, with each shaving as much as -3% after their conference call updates.
We have our own reporting going on Down Under, of course, and that looks to have spared us somewhat as we focus on gold, copper, and base materials — all of which took the sector further green in Week 30.
Aussie June jobs report finally release at 11.30AM today. Unemployment is expected to stay unchanged at 4.4%, while employment has seen a 15K gain. All this lines up with the “gradually cooling trend” that’s slowly emerged.
And there’ll likely be some reaction to Europe’s Central Bank holding rates.
ASX stocks to watch
In stocks, Macquarie Group (ASX:MGQ) is facing a vote against its remuneration report, which would be the second strike at the meeting. This time last year, over a quarter of all Macquarie’s shareholders voted against that same report, in what was the first major shareholder revolt against the company.
Elsewhere, Origin (ASX:ORG) is investigating a possible security breach after an alleged hacker claimed to have accessed the personal details of about two million customers. Origin says no credit card or banking details were leaked, though The Aus did say it was shown a sample of some 50 customer records: names, addresses, emails, dates of birth, phone numbers and bill history.
Alkane Resources (ASX:ALK) has got chins wagging on the HotCopper forums after pledging to pay a fully franked dividend of 2cps for the first time.
Ceretas is arriving on the bourse today as well, after originally delaying its July arrival. Ceretas will list under ticker “CTS” at 25cps, and is looking for $8M to fund research into a portable, non-invasive therapeutic ultrasound platform to treat Alzheimer’s disease and other neurodegenerative conditions.
Expect SaaS software player Monvia to list lunchtime tomorrow, too.
Buck and ore
In forex, the Oz dollar is buying US 69.9c today,
Then to commodities, all in the greenback,
Brent Crude powers on, +4.4% higher at $95/barrel,
Iron Ore keeps dropping, down -0.7%, to $97.60 a tonne in Singapore,
Gold today $4,133/ounce, and,
US natgas futures up, $2.93 per gigajoule.
That’s HotCopper‘s Market Open, I’m Isaac McIntyre – happy trading today.
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