With the RBA’s interest rates decision due tomorrow, the ASX200’s expected to open marginally higher – the top bank’s two-day meeting gets underway this morning.
Our market notched a 2.2 per cent slide last week, and American markets had a tough end to the week too: The Nasdaq down 1 per cent amid more big tech profit taking, the S&P 500 lost 0.6 per cent and the Dow Jones about half a per cent.
Back home and Australian stocks to watch this morning:
Mineral Resources (ASX:MIN) has a conditional $15 million deal to buy Poseiden Nickel’s (ASX:POS) Lake Johnson Nickel concentrator plant and tenure in the southern goldfields region 185 km south west of Kalgoorlie. Min Res plans to develop the site as a lithium processing hub.
South 32 (ASX:S32) has suspended operations on Groote Eylandt Mining Company after tropical cyclone Megan caused structural damage to the wharf.
Metarock Group (ASX:MYE) has forged an agreement to sell PYBAR Mining Services business for $65 million, and,
Memphasys Reproductive Biotechnology (ASX:MEM) has received more orders from IVF clinics in Japan for its Felix consoles and cartridges.
Brent Crude’s opening the week around US$85 a barrel, Gold has been at US$2155, Iron Ore’s continued to slide – but this morning has been holding above US$105 ($105.50) – and natural gas has been at US$1.66.
That’s Market Open, happy trading!
