ASX set for positive opening as strong export prices boost trade, influenced by RBA’s upcoming decisions and inflation data
Import prices dropped by 1.1%, indicating better trade incomes and reduced inflation pressures.
Higher export prices may enhance cash flow for resource producers, supporting spending plans.
Key updates
Attention turns to the Reserve Bank’s interpretation of these trade dynamics.
Upcoming Q3 producer prices will clarify domestic cost pressures.
Mesoblast (MSB) saw a 23.4% rise after announcing pivotal trial updates.
The company confirmed a positive FDA meeting regarding a planned filing for heart failure treatment.
Turaco Gold (TCG) secured up to A$130 million in equity to advance the Afema Gold Project.
A A$120 million placement at A$0.60 per share will facilitate the acquisition of the remaining 20% interest.
Pinnacle Investment Management Group (PNI) reported a 31% rise in NPAT to A$176.7 million.
Record net inflows of A$33.4 billion were noted, alongside a maintained dividend of 60 cents per share.
IperionX (ASX:IPX) increased by 16.67% after a positive quarterly report on titanium capacity.
New Murchison Gold (ASX:NMG) gained 8.47% with promising gold intersection news.
Star Entertainment Group (ASX:SGR) advanced 7.69% amid recent earnings updates.
Champion Iron (ASX:CIA) fell by 17.26% due to disappointing quarterly results.
Mader Group (ASX:MAD) declined 10.71% following a CFO resignation announcement.
Elevra Lithium (ASX:ELV) dropped 9.38% after a quarterly activities report.
The market anticipates major bank results and inflation data in the coming days.
Upcoming Q3 PPI figures are expected to reveal domestic cost pressures.
Key energy and real estate reports will highlight sector trends.
Bank dividends will remain a focus as the RBA’s next move approaches.
Tech sector performance shows variability but recent quarterly results are encouraging.
Consumer discretionary stocks face pressure from tighter budgets and regulatory scrutiny.
