Good morning and a happy Thursday. The ASX200 is set to fall -0.75% after the S&P500 and NASDAQ ended sharply lower last night.
The tech heavy NASDAQ index had its worst day in two years, however, the old school Dow Jones index jumped up nearly 2%.
After a few quiet weeks, we get fresh Australian economic data today – namely, the unemployment rate, set to drop at 11.30am Sydney time.
Looking at forex, the Aussie is buying just over 67 US cents.
In commodities, brent crude staged a 1.74% to $85.18 American, while iron ore fell further overnight to US$105 per tonne at Singapore.
Looking at the ASX,
Dreadnought (ASX:DRE) has confirmed its identification of four targets on interest at Tarraji-Yampi.
Electromagnetic targets associated with four drillholes have been spotted, it’s hoped they indicate mineralisation of valuable minerals.
Meanwhile Anson (ASX:ASN) has found a new promise of lithium at Green River.
The battery metal was detected in brine metals, but the company still has to deal with the fact lithium isn’t hot anymore. Maybe they could find copper instead.
Finally, Cufe (ASX:CUF) has set up on new digs in WA.
The company has acquired acreage in the busy West Arunta region.
Gold continues to hover at record levels of US$2,458 per ounce while US natgas futures are at US$2.04 per gigajoule.
That’s Market Open, I’m Jonathon Davidson, we’ll be with you later in the day for an update.