The Market Online - At The Bell

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

The US tech giants were in rally mode overnight, and in line with that, the ASX200 is expected to pick up just over a quarter of a per cent (0.28%) on open.

The Nasdaq added 1.6 per cent, the S&P500 1.2% and the Dow Jones closed its session about 0.7% higher.

Back home, March quarter inflation figures are due to drop from the Bureau of Statistics at 11.30am (AEST) – the insights will be key to the Reserve Bank’s next interest rates decision in early May (May 7).

Waste disposal giant Cleanaway Waste Management (ASX:CWY) has quelled suggestions it’s being acquired by media, energy and industrial services investment company Seven Group Holdings (ASX:SVW).

In a statement to the ASX Cleanaway’s denied it’s in discussions with Seven or has even been approached by the media play.  

Cleanaway shares jumped more than 15% to above $3 yesterday, to its highest point in a couple years after Bloomberg suggested Seven had been seeking financing for a takeover proposal. Seven has yet to issue a response.

Last night it was announced trade in property cleaning and security firm Millennium Services Group (ASX:MIL) would be suspended following a bid by MS Journey Pty Ltd to acquire all its shares; and, Locality Planning Energy Holdings (ASX:LPE) is urging its shareholders to reject an unsolicited takeover offer from River Capital.

And West Cobar Metals (ASX:WC1) has retracted its announcement from yesterday which said a study suggested its Newmont deposit was standout from its peers – it admits that claim did not meet requirements of the JORC code peer comparison guidelines.

One Australian dollar is buying US64.8 cents.

Gold is down half a per cent to US$2322 an ounce; iron ore is steady around US$108.60. Brent crude oil has been just below US$88.40 a barrel and natural gas is trading around US$1.83 per million British thermal units.

More From The Market Online
The Market Online Video

ASX Market Close: Bourse finishes week on a high as Wisetech pummeled | November 22, 2024

The ASX200 closed up 0.85% at 8,393 points. Economists increasingly expect interest rates in Australia won’t…
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 47, 2024

In this segment we’ll look at the top stocks HotCopper users have been watching, and discussing,…
Nuclear explosion mushroom cloud concept

Week 47 Wrap: HotCopper users’ most watched; Brent lifts on Putin’s scary letter; RFK dents CSL

Welcome to the end of another week. Let's start with what HotCopper users have been watching…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham’s weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

The $8.8 billion dollar merger between Sigma Healthcare and Chemist Warehouse is poised to reshape the Australian pharmacy landscape, consolidating power in th…