Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Australian market set for positive open, commodity prices rebound

Published Nov 14, 2023 08:11
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
BHP
+1.09%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CBA
-0.36%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
FMG
+2.37%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ANZ
-0.35%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NAB
-0.38%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
WBC
-0.28%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Investing.com - The Australian Stock Exchange is set to open on a higher note on Tuesday, following losses of 0.4% in the previous session as commodities made a comeback. Iron ore prices have surpassed $US128 per tonne, and oil is inching towards $US83 per barrel.

American shares showed a slight increase at the beginning of the week, with the attention of investors turning toward the upcoming October CPI report. The three main indices displayed marginal gains in the afternoon trading session.

The Commonwealth Bank Of Australia (ASX:CBA) is scheduled to release earnings on Tuesday. Other companies slated to update their sales reports include ALS Ltd (ASX:ALQ), OFX Group Ltd (ASX:OFX), and Catapult Group International (ASX:CAT).

Several companies, including Goodman Group (ASX:GMG), Michael Hill International Ltd (ASX:MHJ), Bubs Australia Ltd (ASX:BUB), Beach Energy Ltd (ASX:BPT), Resimac Group Ltd (ASX:RMC), and Aurelia Metals (ASX:AMI), are set to host their annual general meetings. Meanwhile, National Australia Bank Ltd (ASX:NAB) shares will trade ex-dividend.

ASX 200 Futures rose by 0.3% by 8.20 am AEDT. The Australian dollar improved by 0.3% to 63.81 US cents. Bitcoin, however, was down by 0.8% to $US36,842 at 7.20 am AEDT.

Enjoy up to 55% off InvestingPro's premium data services!
InvestingPro Early Bird sale!

New York trading saw marginal changes with BHP (ASX:BHP) Group Ltd ADR (NYSE:BHP) up by 0.6%, Rio Tinto ADR (NYSE:RIO) by 0.3%, while Atlassian Corp Plc (NASDAQ:TEAM) fell by 0.9%. Among tech giants, Tesla Inc (NASDAQ:TSLA) saw a rise of 4.2%, while Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN)experienced slight decreases of 0.7% and 0.4%, respectively.

On the European front, the Euro Stoxx 50 increased by 0.8%, FTSE by 0.9%, DAX by 0.7%, and CAC by 0.6%. Spot gold rose by 0.4% to $US1947.53/oz, Brent crude oil increased by 1.3% to $US82.50 per barrel, and iron ore prices rose by 1% to $US128.10 a tonne.

In terms of yield, the US 10-year note stood at 4.63%, Australia at 4.67%, and Germany at 2.71%.

Locally, the Westpac Consumer Sentiment index for November will be released at 10.30 am, followed by the NAB business survey for October at 11.30 am.

Internationally, the NZ food price index for October will be out at 8.45 am. The UK's September ILO unemployment rate will be announced at 6 pm, followed by the Eurozone's third-quarter GDP estimate and ZEW expectations for November at 9 pm. The US NFIB small business optimism for October will be released at 10 pm.

Australian market set for positive open, commodity prices rebound
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email