Here the video of the show 'The Early Trades' on Kalkine TV.
Let us take you through the market charter and the key developments. Australian shares rose on Thursday, driven by energy and gold stocks that tracked higher prices of underlying commodities. Crude oil prices notched up by more than 1 per cent after US distillate inventories posted a large downtick and refining activity picked up, boosting hopes for an increase in fuel demand.
On Wednesday, the ASX 200 charged higher and closed near the 52-week high on the back of record iron ore prices.
Fortescue Metals edged lower after sharing below what was expected for their quarterly update. They announced that iron ore shipments reached 42 million tonnes in the third quarter. Nickel Mines is leading the ASX 200 charter, soaring as high as 7%. Newcrest Mining beat production estimates for the quarter.
It has produced 512 thousand 424 ounces of gold during the quarter. President Joe Biden unveiled his American Family Plan, which consists of US$1 trillion in investments and US$800 billion in tax cuts for families and workers .
European Investment Bank said it would sell a two-year digital bond worth 100 million euros or US$120 million on the Ethereum blockchain network.