- ASX SPI futures indicate a flat start to Thursday’s trading, rising 5 points or 0.1 percent despite the US S & P500 and Dow Jones indices hitting intraday highs during the trade. night.
- Today’s Announcements: There are no major announcements.
Australian stocks would start on a flat note despite the S & P500 and Dow Jones indices hitting all-time highs.
- Thursday’s trading is expected to start flat with ASX SPI futures heading up 5 points or 0.1 percent. In the United States on Wednesday, optimism around strong retail sales during the holiday period offset fears caused by Omicron-induced flight cancellations. The US Dow Jones Index closed 90 points or 0.3 percent higher at all-time highs. The S&P 500 Index added 7 points or 0.1 percent and also hit record highs during the session. And the Nasdaq index lost 16 points, or 0.1 percent.
- In commodity markets, the Brent Crude Price gained 29 cents or 0.4 percent at $ 79.23 a barrel and the US Nymex Crude Price it added 58 cents or 0.8 percent to $ 76.56 a barrel. The rise in prices was attributed to data showing that US crude inventories fell more than expected last week. Investors now look to the OPEC + meeting next week. Energy companies listed in Australia as Woodside Petroleum (WPL) Y Saints (WTO) therefore, it can trade higher today.
- The ingots lost ground, with the gold futures price losing $ 5.10 or 0.3 percent to $ 1.805.80 an ounce. Spot gold was trading around $ 1,804 an ounce at the close in the United States. The fall in the price of gold could weigh on the shares of Australian gold miners as Evolution Mining (EVN) Y Newcrest Mining (NCM).
- Iron ore it gained 35 cents or 0.3 percent at $ 118.05 a ton overnight. London-listed iron ore miners diverged: Rio Tinto shares fell 0.4 percent, while BHP shares rose 1.3 percent.
Originally Posted by Divik Nigam, Associate Stock Market Analyst and Craig James, Chief Economist, CommSec