It’s looking like a green morning this Thursday, with ASX 200 futures currently tipping a +0.13% gain. That narrow rise for Australian shares may hold – or poorer results may still drag it down, as was the case yesterday.
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Some results are already impacting trader plans too, with Nvidia sharing its earnings over in the U.S. While the behemoth chipmaker did meet expectations, Wall Street still sold it off somewhat in after-hours trading.
That’ll be tomorrow’s problem in the U.S., though; today, the S&P 500 ended up +0.2% higher, as did the Nasdaq. The Dow gained, too, adding +0.3%.
It was a generally dovish day, with only London’s FTSE (down -0.1%) really dipping red.
As mentioned, the thematic in Oz stays on earnings.
ASX stocks to watch
And so, back home, we head into Thursday watching two Week 35 laggards in Woolworths (ASX:WOW) and Wisetech Global (ASX:WTC). Both were heavily battered through trading yesterday, -14.7% and -11.9%, respectively.
The Woolies dive is particularly notable after Coles (ASX:COL) came out with a surprisingly high report earlier this week; their trajectories have now swapped.
Rio Tinto (ASX:RIO) is a watch too after the country’s second-largest miner told shareholders it is reviewing North American and African operations; so far, two top bosses have been shown the door.
And, IGO Ltd (ASX:IGO) may drag at open after posting a brutal $955 million net loss after tax. Impairments and weak commodity prices both weighed.
Also in earnings, Qantas (ASX:QAN) and MinRes (ASX:MIN) will report soon.
So too Wesfarmers (ASX:WES), which owns Kmart and Bunnings.
Buck and ore
In forex, the Aussie dollar is buying 65 US cents.
And to commodities, all in the greenback,
Iron Ore has added as much as +0.2%, selling at $102.55 a tonne in Singapore,
Brent Crude is at $67.67,
Gold has gained again, to $3,400 per ounce, and,
US natgas futures are up +2.7%, selling at $2.86 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – good luck and happy trading.
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