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Yesterday the Aussie share market closed flat. The Tech sector was the best performer, gaining 1.34%. The worries for BNPL stocks were eased by Macquarie who don’t see an impact on the removal of the no-surcharge rule and kept their outperform rating on Afterpay (ASX:APT). Meanwhile Utilities fell the most.
Casino operators were outperformers yesterday. Crown Resorts (ASX:CWN) rose 8.7%, after receiving approval to continue operating its Melbourne casino, despite regulatory breaches.
Pilbara Minerals (ASX:PLS) also advanced after finalising a joint venture agreement with Korean company POSCO, to operate a lithium conversion facility in South Korea.
Mineral Resources (ASX:MIN) was the worst performer after a quarter update that saw a decline in lithium and iron ore production.
US equities closed higher overnight. Amid strong earnings reports, the Dow rose for the third straight day, the S&P500 rose 0.2% and the Nasdaq also made slight gains. In economic data, US consumer confidence rose in October.
Following US equities, the SPI futures are suggesting the ASX200 will rise 0.05% this morning.
What to watch today: