The ASX is set to rise on Monday with futures up 0.14% near 8.30am AEDT.
The Friday session in the US saw the S&P500 end up 0.80% and the NASDAQ up 1.14%.
On Friday we saw the ASX hit two new all time highs in one session – can Aussies keep the good times rolling? We get a lot of US data this week which will give everybody food for thought, including job openings.
Keep in mind there’s no RBA Interest rate decision this week, the central bank has decided to meet less often. We also get a big Chinese policy meeting this week, starting Tuesday.
Over the weekend we saw Brent Crude remain in the territory of US$83/bbl while uranium NYMEX futures slipped below US$100/lb to US$95/lb.
Uranium prices are down -10.38% over the last month as Cameco production boosts seem to outweigh problems with production at Kazatomprom. One to watch.
SGX iron ore futures also declined to $113.20, putting into question whether Australia’s big miners can continue to post the run they did on Friday.
Stocks catching eyes this morning:
Barton Gold (BGD) has issued an update on Tunkillia.
The project now boasts a 1.5Moz gold resource label.
The move comes from an upgrade to the Area 51 target.
Shares last 25c.
Enova Mining (ENV) has revealed an update about its Pocos play.
The company has noted there are extensive saprolite clays present.
Drilling remains underway as the company hopes for significant REE finds.
Shares last 4.3c.
Firefly Metals (FFM) has issued an update on Green Bay.
The company is highlighting drill results.
The company has reported “wide, high grade copper” drill hits on-site.
Shares last 49.5c.
Variscan Mines (VAR) has updated the market on activities at its San Jose mine.
The company has today highlighted drill results.
Variscan describes “further high-grade zinc” drill hits.
Shares last 0.8c.
Invictus Energy (IVZ) has made an update on its Zimbabwe operations.
The company is reporting a condensate discovery.
The company believes it can get up to 22 barrels of condensate per million cubic feet of gas believed to be underground.
Shares last at 9.8c.
