ASX futures were up 0.39 per cent near 8.30 am AEDT implying the ASX will rise on Monday.
A relatively strong US session punctuated Friday’s overnight trades. The S&P 500 ended up 0.13 per cent; the NASDAQ up 0.08 per cent.
The Russell 2000 smallcap index jumped 1.35 per cent.
Elsewhere: Moody’s has rated Italy’s economy as “stable” after a tumultuous COVID-19 period.
At home on the ASX, the energy sector was the worst performer on Friday as international Brent crude prices come off recent highs.
As at 8.00 am AEDT on Monday, the benchmark sits at US$79.80/bbl.
Not much in way of Australian economic data today, but tomorrow, we get the RBA minutes and a speech from Bullock.
Tuesday will also reveal Canada’s inflation rate. On Wednesday, we get the US Fed minutes.
Here’s what stocks are catching eyes this morning.
Invictus Energy (IVZ) has reported recovering gas in Zimbabwe.
The gas was collected in downhole sampling of its Mukuyu-2 well overlying the Pebbly Arkose formation.
But management noted some concerns.
“Due to compounding sampling challenges, borehole conditions and well control measures the Company, in conjunction with our service providers, have determined a simple vertical sidetrack will provide the strongest opportunity to achieve our remaining Upper and Lower Angwa evaluation objectives,” IVZ chief Scotty Macmillan said.
Shares last traded at 19c.
Dreadnought Resources (DRE) has hit 16 camp scale lithium targets.
The find is located at the company’s WA-based Gascoyne project, Mangaroon.
The targets were identified using soil geochemistry sampling methods.
Shares last traded at 3.3c.
Nova Minerals (NVA) is reporting one rockchip sample at 1,290g/t gold.
The rockchip was collected from Estelle and the company says it adds weight to geotechs’ thesis there’s a broad surface mineralised zone on-site.
The next highest grade rock chip was 96.5g/t gold.
Shares last traded at 24c.
Weebit Nano (WBT) has reported its chip tech handled high temperatures in a recent test.
NASDAQ-listed Weebit partner SkyWater Technology has qualified that Weebit’s tech can operate at up to 125 degrees celsius.
Its products will now go for a production run at SkyWater.
Shares last traded at $3.92.
XTEK (XTE) has reported its receipt of a new A$2.8m order for its body armour products.
“Many thousands of individual ballistic armour products” will be supplied to the undisclosed buyer in the coming weeks.
XTEK states it continues to work closely with customers in “global hotspots.”
Shares last traded at 46c.