Shares Down Under are expected to rise by +0.5% at market open today, mirroring global sentiment after northern hemisphere indexes got a chance to trade under Trump’s latest tariffs threats from over the weekend of Week 28.
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While Trump’s tariffs letters were meant to instil fear in his negotiating partners, it’s starting to become a “boy cried wolf” situation with the U.S. President.
Many seem to be banking on “TACO” – Trump Always Chickens Out – rather than paying heed to the levies; the tech-studded Nasdaq Composite especially seemed unfazed, piling on a new all-time high in U.S. Monday trade.
The Dow, up +0.2%, and the S&P 500, up +0.14%, weren’t far behind.
Some of this was helped on by Trump suggesting he’s happy to sit down with European Union reps to ease tariffs, but that’s “TACO” at its very best.
London’s FTSE didn’t seem worried either; U.K. traders carried their bourse +0.64%.
Back home, Sayona Mining (ASX:SYA) has seen data from the last 116 drill holes at its Moblan Lithium Project in Quebec come in. These assays have “confirmed the continuity of spodumene-bearing pegmatites across all zones.”
WIN Metals (ASX:WIN) is trending early on HotCopper forums after finding high-grade rock chip samples that have confirmed the Emjay prospect’s prospectivity.
And, Kalgoorlie Gold Mining (ASX:KAL) has fired up RC drilling after extensional aircore work more than doubled strike at Lighthorse, to 1,450 metres.
Westpac is sharing its consumer confidence report at 11.30am this morning, too.
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Looking at forex, the Aussie dollar is 65.4 US cents.
And to commodities, all in the greenback,
Iron Ore is just a little stronger, adding +0.1% to $99.40 a tonne in Singapore,
Brent Crude is at $69.22,
Gold is at $3,345 per ounce, and,
US natgas futures are another +4.4% higher, at $3.46 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – good luck and happy trading.
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