The ASX200 is set to continue its upward run today, with futures pointing to a .41 per cent lift.
US treasury yields climbed to the highest point in months on strong data, seeing the S&P500 and Dow Jones close a touch lower, while the Nasdaq was just in front. Earnings season is just around the corner.
Tesla added 3% after Elon Musk told the market the company’s ‘robotaxi’ would be revealed in August.
Back home and Westpac (ASX:WBC) and National Australia Bank (ASX:NAB) will release their Australian consumer sentiment reports this morning.
In stocks to watch, Radiopharmaceutical developer, Telix Pharmaceuticals (ASX:TLX) has acquired one of its service suppliers IsoTherapeutics Group in a deal worth more than A$20 million dollars cash and scrip – $7.6 million of which will be paid later – depending upon performance.
IsoTherapeutics provides radiochemistry and bioconjugation development and contract manufacturing services to companies.
Solstice Minerals (ASX:SLS) will sell its Hobbes Gold Deposit Exploration Licence to Northern Star (ASX:NST) for $12. 5 million. The deposit lies near Northern Star’s Carosue Dam Production Hub.
And Western Gold Resources (ASX:WGR) has begun diamond drilling of 15 holes at its Gold Duke Project in the north-eastern goldfields of WA.
The Aussie dollar is higher this morning, above 66 cents.
Brent crude has held above US$90.50.
Iron Ore is at US$102 a tonne, gold’s been trading above US$2337 an ounce and natural gas has recovered more than 3 per cent overnight to US$1.84 per million British thermal units.
