S&P/ASX 200 falls 0.30% as US fiscal stimulus looks less likely before November election

S&P/ASX 200 (INDEXASX:XJO) opened weaker today and is down about 0.30% at 12.51 pm as Washington failed again to overcome its partisan differences over a new round of virus relief aid.

The Dow Jones Industrial Average closed down more than 410 points or 1.44% at 28,195.42.

However, U.S. stock futures rose on Monday evening after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin “continued to narrow their differences” in a Monday afternoon phone call to discuss another stimulus package.

Materials fall while Technology leads improvements[hhmc]

Leading declines on the ASX has been the materials sector with a 0.82% drop despite stronger commodity and metals prices.

Most sectors are lower with financials, healthcare and communications also weighing on the market while technology leads improvements with a 1.8% gain.

BHP guidance remains unchanged[hhmc]

Mining giant BHP Group (ASXBHP) is one of the major weights on the market, falling 1.18% following the release of its September quarter production update.

The company’s iron ore production over the quarter lifted 8% to 66 million tonnes compared to last year with the miner shipping 74 million tonnes. Full year guidance remains unchanged.

Top gainers[hhmc]

Today’s top gainers on the ASX include Netlinkz Ltd (ASX:NET) (+9.33%), Great Boulder Resources Ltd (ASX:GBR) (+20.90%), Yandal Resources Ltd (ASX:YRL) (+13.89%), Eclipse Metals Ltd (ASX:EPM) (+12.50%), Ironbark Zinc Limited (ASX:IBG) (+8.33%) and Rimfire Pacific Mining N L (ASX:RIM) (+9.09%).

Proactive news headlines:

Galileo Mining's EM conductors reveal new Lantern East drill targets in Fraser Range[hhmc]

Galileo Mining Ltd (ASX:GAL) is encouraged by electromagnetic (EM) data from recent surveys that reveals new targets for drill testing at Lantern East Prospect in the Fraser Range region of Western Australia.

Talisman Mining's new exploration phase will include drilling of Lachlan project gold-copper targets[hhmc]

Talisman Mining Ltd (ASX:TLM) is embarking on a new phase of exploration designed to test several highly prospective gold and copper targets at the Lachlan Copper-Gold Project in the Cobar Basin of New South Wales.

Opyl provides leading biopharma organisations access to emerging AI-assisted technologies[hhmc]

Opyl Ltd (ASX:OPL) is a new generation Australian company that provides leading biopharma and health organisations with the access to emerging AI-assisted technologies and real-world data insights to understand and improve healthcare design, development and delivery.

Mali Lithium's DFS confirms Goulamina as economically robust, woRead More – Source



Related Articles

Back to top button