The ASX has opened higher (+32 points, +0.4%) this morning following a strong close on Wall Street with the Dow Jones finishing the trading week 0.5% higher as Apple provided US lawmakers with an undertaking to commit resources to further onshore manufacturing in America.
Markets in Europe had a weaker session as London’s FTSE fell and Germany’s DAX declined.
Locally, Liontown Resources (ASX:LTR) and Pilbara Minerals (ASX:PLS) have jumped in early morning trade, higher by 18.3% and 16.8% respectively with Mineral Resources (ASX:MIN) gaining 10% at the open.
The Australian dollar is weaker against the major currencies and currently trading at 65.17 US cents.
The S&P/ASX200 is Australia’s leading share market index and contains the top 200 ASX-listed companies in terms of market capitalisation, and accounts for about 80% of the country’s equity market.
The index is designed to measure the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalisation.
It is recognised as the institutional investable benchmark in the country.
Write to Dan Petrie at Mining.com.au
Images: Stock
