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ASX 200 to open higher as commodities surge, retail sales on tap

EditorOliver Gray
Published 28/05/2024, 08:06 am
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Investing.com - The ASX 200 is set to open higher on Tuesday, with local market participants keenly awaiting upcoming retail sales data.

UK and US markets remained closed due to public holidays, however, Nasdaq 100 Futures reached an all-time high.

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There's also a rally in the metal commodities with gold, silver, platinum, and copper prices all witnessing an upswing.

European markets saw a slight increase in the Stoxx Europe 600 index, led by carmakers and utilities. However, the trading volume was notably less than half of the average for the past 20 days.

In corporate news, both Alumina Ltd (ASX:AWC) and Neuren Pharmaceuticals Ltd (ASX:NEU) are set to host their annual general meetings on Tuesday. Meanwhile, Elders Ltd (ASX:ELD) will be trading ex-dividend.

Market highlights are as follows:

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