The local share market looks to rise half a per cent today off the back of records on Wall Street US overnight.
This was largely due to the performance by semiconductor chip maker Nvidia, which shares have risen more than 16 per cent, reaching a new all-time high and propelling the company’s market cap toward the $2 trillion milestone.
The Nasdaq was up more than three per cent, the S&P 500 has lifted two per cent and the Dow Jones following suit, up a full per cent as well.
Back home,
Leading global gold producer Newmont corporation (ASX:NEM) aims to sell six mines and two projects, to generate $3.1 billion in cash. Assets for sale include the Telfer and Havieron mines in Western Australia.
Meanwhile, Australia and the UAE are negotiating a free trade deal, with the UAE using its sovereign wealth fund for investments in Australian critical minerals. The deal grants the UAE preferential access to these minerals and is expected to be finalised by year-end.
Companies scheduled for reporting today include Arcadium Lithium (ASX:AM7), Aussie Broadband ASX:ABB), Brambles (ASX:BXB) & Latitude Group Holdings (ASX:LFS), among others…
Having a look at the early trending stories on HoCopper this morning: Lithium, gold and graphite minerals explorer Sayona Mining (ASX:SYA) has reaffirmed its partnership with Piedmont Lithium (ASX:PLL), to develop the North American Lithium operation in Québec, Canada, despite Piedmont Lithium selling its shareholding in Sayona Mining. And Somnomed (ASX:SOM) has announced that it has appointed Amrita Blickstead and Karen Borg as Joint Chief Executive Officers and Executive Directors effective today.
The Aussie dollar is buying 66 US cents.
Iron ore is trading at $122.50, down more than 1.5 per cent, crude oil has slipped more than half a per cent to just below $78.50. Gold is steady at $2023 and natural gas has slipped just shy of 2.5 per cent to $1.73.