Here’s how market sentiments were panning out before ASX 200 market open.
ASX 200 to open flat; Energy players could lead the day
·ASX 200 futures is indicating flat opening for the day.
· A 1.81 per cent rise in the WTI Crude oil futures (as at 8:49 AM AEDT) would lead to some buying in the Energy producers.
Gold miners should also be on the radar as gold is also catching the interest of the investors. As of writing, WTI Crude oil futures is trading with a healthy gain of 1.81 per cent at US$53 a barrel as investors are increasingly becoming bullish on the commodity asset classes. Vaccine rollout and the government stimulus are expected to lift the global economic outlook going forward.
Yesterday gold was also supported by bulls and touched the high of almost US$1845 an ounce. Buying in the precious metal was also supported by some selling in the Dollar index futures which cracked by 0.31 per cent to 90.45 (as at 8:49 AM AEDT). · Gold miners should also be on investors’ radar such as Saracen Mineral Holdings Limited (ASX:SAR) and Evolution Mining Limited (ASX:EVN).