good morning and welcome to the morning outlook i'm rachel jones reporting live from calkin tv
sydney studios now the australian share market is expected to open flat this morning
according to the latest asx futures the benchmark xx200 would open one point higher now today we're
waiting on the reserve bank of australia's manatee policy meeting investors will be closely tracking
the official rape meeting scheduled at 2 30 p.m australian eastern standard time after the rba
surprised the market with its 50 basis points rise to 0.85 percent in its last outing now according
to experts the australian central bank may further hike the official rate by 50 basis points to 1.35
now moving on to some businesses from this morning an nrw wholly owned subsidiary golding contractors
has secured the rail civil construction contract for the pembroke olive downs coking coal project
in queensland's boeing basin the civil works is a new 19 kilometer rail loop for the new
steel making coal project including all earthworks drainage and construction of
two new rail bridges the contract is valued at around 52 million dollars and is expected to last
40 months in addition golding has also been awarded around 15 million dollars
of bulk earthworks drainage and roadworks relating to the new chpp at olive dance now fire finch has
sold 28.6 million shares in leo lithium through a block trade executed after the market closed
on monday the 4th of july at a sale price of 45.5 cents per leo share the net proceeds of the trade
will result in the company receiving a cash injection of 12.9 million dollars the remaining
210.9 million shares in the company the company holds in leo are subject to escrow until the 23rd
of june 2024. and res app health a digital health company developing smartphone applications for the
diagnosis and management of respiratory disease the patent has been granted in australia and japan
now this painting is for methods and apparatus for cough detection in background noise environments
it covers the use of machine learning audio processing techniques for detecting cough sounds
in environment with significant background noise the technology covered by the patent is used in
res app smartphone based respiratory diagnostic text res app dx and its coffee counting software
res app cc the patent has previously been granted in europe res app has additional patent
applications covering similar subject matter pending in china india and the united states
well now it's time for a very short break but stay tuned for more news set to affect your trading day
tune in to get the latest information whether it's about market movements or the currency graph
sectoral coverage or industry news
we cover it all on our news segments be on top of the latest news with calkine tv
and welcome back to the morning outlook report now over on wall street the u.s stock indices were
closed yesterday on account of independence day the fourth of july holiday now the dow
jones futures fell 0.3 percent the s p 500 futures declined 0.4 percent and nasdaq futures fell 0.5
meanwhile minutes of the fed's june policy meeting scheduled to be released tomorrow may sound
hawkish over in europe the stocks 50 rose point one percent the ftse surge point four percent
and the tax fell 0.3 msci's world equity index gained 0.38 msci's broadest index of asia pacific
shares outside of japan surged 0.34 japan's nikai added 0.84 now all prices inched higher on supply
concerns despite looming recession fears the prices have all rebounded after earlier falling by
one us dollar as data revealed lower output from the opec unrest in libya sanctions on russia
and a strike in norway could hit supplies this week now in june opec's output declined a hundred
thousand barrels per day to 28.52 million barrels per day down from their pledged rise of almost
Good morning and welcome to the Morning Outlook.
I’m Rachael Jones reporting live from Kalkine TV Sydney studio.
Australian share market is expected to open flat at the open. According to the latest ASX Futures,
the benchmark ASX 200 would open 1 point higher. Today we are waiting
on the Reserve Bank of Australia’s monetary policy meeting. Investors would be closely
tracking the official rate meeting scheduled at 2:30 PM (AEST) after the RBA surprised the
market with its 50 bps rise to 0.85% in its last outing. According to experts,
(2)the Australian central bank may further hike the official rate by 50 bps to 1.35%.
(3)NRW Holdings wholly owned subsidiary, Golding Contractors has secured the rail
civil construction contract for the Pembroke Olive Downs Coking Coal project in Queensland’s
Bowen Basin. The civil works a new 19km rail loop for the new steelmaking coal project,
including all earthworks, drainage culverts and construction of two new rail bridges.
The contract is valued at around $52 million and is expected to have a duration of 14 months. In
addition, Golding has also been awarded around $15 million of bulk earthworks,
drainage and roadworks relating to the new CHPP at Olive Downs.
(4)Firefinch has sold 28.6 million shares in Leo Lithium through a block trade executed after
market on Monday 4th July 2022 at a sale price of 45.5 cents per Leo share. The net proceeds
of the Trade will result in the Company receiving a cash injection of A$12.9 million. The remaining
210.9 million shares the Company holds in Leo are subject to escrow until 23 June 2024.
(5)ResApp Health, a digital health company developing smartphone applications for the 0:04:55.280,1193:02:47.295 000 275.000
diagnosis and management of respiratory disease, patent has been granted in Australia and Japan.
The patent, is for “Methods and apparatus for cough detection in background noise environments.
It covers the use of machine learning audio processing techniques for detecting cough sounds
in environments with significant background noise. The technology covered by the patent
is used in ResApp’s smartphone-based respiratory diagnostic test ResAppDx and its cough counting
software ResAppCC. The patent has previously been granted in Europe. ResApp has additional patent
applications covering similar subject matter pending in China, India and the United States.
Now it’s time for a short break – but stay tuned
for more news set to effect the trading day. @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
Welcome back to the Morning Outlook report. On Wall Street, The US stock indices were closed
on Monday on account of Independence Day the July 4th holiday. The (6)Dow Jones futures fell 0.3%,
the S&P 500 futures declined 0.4%, the NASDAQ futures fell 0.5%. Meanwhile, minutes of
the Fed's June policy meeting scheduled to be released tomorrow may sound hawkish. In Europe,
the Stoxx 50 rose 0.1%, the FTSE surged 0.9%, the CAC gained 0.4%, and the DAX fell 0.3%.
MSCI's world equity index gained 0.38%. MSCI's broadest index of Asia-Pacific shares outside
Japan surged 0.34%. Japan's Nikkei added 0.84%. Oil prices inched higher on supply
concerns despite looming recession fears. The prices of oil rebounded after earlier falling
by US$1 as data revealed lower output from the OPEC. Unrest in Libya, sanctions on Russia,
and a strike in Norway could hit supplies this week. In June, OPEC’s output declined 100,000
barrels per day (bpd) to 28.52 million bpd, down from their pledged rise of nearly 275,000 bpd.
(7)Brent crude rose 1.25% to US$113.02. WTI surged 1.2% to US$109.76 per barrel.
Gold prices rose on Monday on account of softened US dollar.
(8)The price of gold fell 0.15% to US$1,808 an ounce. Well, that’s all for our Morning Outlook
report here on Kalkine TV. Have a great day trading and stay tuned for more market updates
and economic news live throughout the day. This is Rachael Jones signing off for now.