There’s not expected to be any real movement on the ASX200 until the interest rates decision lands at 2.30pm (AEDT) – when rates are widely tipped to be kept on hold.
We’ll bring you the decision here on The Market Online and HotCopper as soon as it’s announced.
All US indices made gains overnight – the Nasdaq added 0.8 per cent – as Tesla rose more than 6 per cent and Alphabet nearly 4.5 per cent.
Back home: Boral (ASX:BLD) has recommended shareholders reject the Seven Group Holdings (ASX:SVW) offer worth up to $6.39 per share, deeming it ‘not fair’. An independent from Grant Samuel and Associates has valued the stock higher, at between $6.50 and $7.13.
In other stocks to watch, hydrogen tech company Hazer Group (ASX:HZR) has raised nearly $5.4 million through a Share Purchase Plan – this is in addition to $9 million raised through an entitlement offer.
And Koonenberry Gold (ASX:KNB) has released a prospectus for raising $1.65 million to fund drilling of copper and gold targets in north-western New South Wales. The offer is priced at 4 cents a share.
One Australian dollar is buying US65.5 cents.
To commodities: Copper has rallied to an 11 month high of US$4.1 a pound after China’s industrial productivity soared 7 per cent through January and February.
Iron ore has been trading at about $102.50 a tonne.
Ukraine drone attacks on Russian oil targets has caused supply jitters, Brent’s rallied to just under $86.90 and natural gas has gained 3.5 per cent to US$1.71 per million British thermal units.
That’s Market Open for this Tuesday. As mentioned, we’ll be back as the Reserve Bank’s interest rates decision is handed down.
