How are you this morning!
Earnings season is upon us once more, which is always an interesting window into how everything’s travelling on the bourse!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,979.44 (-0.03%)
Silver: US$23.67 (-0.25%)
Nickel (3mth): US$16,776.14/t (-1.06%)
Copper (3mth): US$8,168.05/t (+0.57%)
Oil (WTI): US$76.70 (+1.32%)
Oil (Brent): US$81.27 (+0.81%)
Iron 62pc Fe: US$128.95/t (-0.36%)
AUD/USD: 0.6550 (+0.56%)
Bitcoin: US$37,174.50 (-0.64%)
Australian shares are poised to rise, in line with New York as Microsoft paced the tech sector higher after announcing that it hired Sam Altman to lead a new in-house AI team. Apple is set to retop the $US3 trillion mark.
A well received 20-year US government debt auction helped bolster sentiment. The sale drew yields of 4.78 per cent, compared with the pre-sale level of 4.79 per cent, according to Bloomberg.
“We view Microsoft now even in a stronger position from an AI perspective,” Wedbush Securities said in a note. Microsoft reset its record high.
For local investors, the focus on Tuesday morning is all about the RBA. Governor Michele Bullock will speak as part of a panel at the ASIC Annual Forum in Melbourne and Carl Schwartz will speak at an event in Sydney.
In addition, the latest board meeting minutes are scheduled to be released at 11.30am.
Technology One is scheduled to release earnings.
On the AGM front, AGL Energy, BlueScope Steel, Brickworks, Fortescue Metals, Monadelphous and Perseus Mining.
Elders and Amcor trade ex-dividend.