The ASX 200 is tipped to drop, down 0.07% in futures, as most investors Down Under prepare for the ABS to release its key inflation data today.
Wall Street was mixed overnight as the Dow Jones Industrial Average slid down by 0.4% and the tech-heavy Nasdaq avoided the red to inch towards another record high – it was buoyed by Apple (up 0.1%) and AMD (3.9%).
Also in the U.S., data showed job openings are at a three year low.
Bitcoin has also enjoyed a U.S. election-boosted rally, running towards its US$74,000 high from March as it gained 4.3% through the evening.
In Australia, eyes turn to the Australian Bureau of Statistics and it’s impending consumer price index figures; early estimates suggest annual headline inflation fell to 2.9 per cent in the three months to September 30.
Big meetings today come from BHP (ASX:BHP) and Whitehaven Coal (ASX:WHC), while Woolworths (ASX:WOW) reported growing sales in its first-quarter numbers.
On HotCopper, users dubbed Pilbara Minerals (ASX:PLS) “remarkable” after it navigated a 31% drop in revenue by reducing its operational costs – a drop in indicative price at 8.51am shows not all sentiments are so positive, however.
Looking at forex, the Aussie dollar is buying 65.6 US cents.
To commodities, which are in the greenback,
Iron Ore has dropped 0.08% to $104.10 a tonne in Singapore,
Brent Crude is trading at $71.39,
Gold is trading at $2,784 per ounce, and,
US natgas futures are up slightly at $2.90 per gigajoule.
That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.
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