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TMH Market Open: ASX200 poised for slight dip despite overnight Wall Street gains

ASX News, Market Summary
23 January 2024 09:36 (AEDT)

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The ASX200 is expected to open about .2 of a per cent lower despite US markets making slight gains to record-high levels.

The Nasdaq and Dow Jones have both added about a third of a per cent and the S&P 500 0.2 of a per cent.

Notably overnight… Tesla fell below $210 a share ahead of its quarterly report due out mid-week.

Investors will be keeping an eye out for the Bank of Japan interest rate decision this morning along with the country’s quarterly outlook report.

Back home, stocks to watch on market this morning include Boss Energy (ASX:BOE) which is releasing drilling results from its Honeymoon uranium project in South Australia, and Cobre (ASX:CBE) which will have half a million US dollars in non-dilutive assistance from BHP Group (ASX:BHP) to progress its copper exploration in Botswana.

Tech advisory company Attura (ASX:ATA) has announced it has raised $11 million at 80 cents a share, and refinery and service station operator Viva Energy Australia (ASX:VEA) has released December quarterly results, reporting fuel sales up 8.3 per cent. Viva’s 2023 fuel sales were also up in unaudited full calendar year results.

NAB has released its consumer sentiment survey for the last quarter, showing consumer stress at the highest levels since early 2020, amid concerns around job security.

Iron ore is back up above US$130 a tonne, Crude oil has gained 1.3 per cent a barrel to US$74.56, gold has slipped more than eight per cent to US$2020 and natural gas has been trading fairly flat, at US$2.43.

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