Wall Street closed for Thanksgiving

No major leads from global markets overnight, as Wall Street was closed for Thanksgiving. Elsewhere, new data showed COVID infections in Europe continue to surge higher.

With winter approaching, the continent is now the epicentre of the pandemic, with Austria, France, Germany and Greece facing rapid surges.

The WHO estimated 700,000 deaths in Europe by March 2022.

To the markets, where all major European equities indexes rose – Stoxx 50 by 0.4%, FTSE by 0.3%, CAC by 0.5% and DAX 0.3%.

Drinks group Remy Cointreau surged more than 13%, after the French company beat first-half profit expectations and upgraded its full year outlook.

Oil and spot iron ore prices were flat.

Bitcoin has rallied to US$59,100 at 8am AEDT, from the US$57,300 level yesterday.

Meawnhile, Coinspot is undertaking another sports sponsorship, backing two drivers at the GT World Challenge event in Bathurst next month.

The Aussie crypto exchange is supporting Fraser Ross and Liam Talbot at the final round of the 2021 GT World Challenge Australia at Mount Panorama, November 30 to December 5.

Read the rest of that story here on Stockhead.

ASX 200 to open higher on Friday

The ASX 200 looks set to open slightly higher this morning, with futures markets (December contracts) pointing just slightly up by 0.05% at 8:30am AEDT.

Yesterday, the local index closed just 0.11% higher, but there were no shortage of small cap winners, led by Antiviral biotechnology stock Biotron (ASX:BIT).

BIT announced that its lead drug candidate — BIT225 — had been shown to be effective against COVID-19 in animals.

On the IPO front, set to list today is: Artrya Ltd (ASX:AYA), a medical technology company developing software which automates the analysis of heart computed tomography (CT) scans to assist in the diagnosis of Coronary Artery Disease. The company raised $40m at $1.35.

Retail sales numbers will also be released by the ABS later today.

In large cap news this morning, ANZ Bank (ASX:ANZ) announced that ASIC has commenced legal proceedings against it for breaches of the Credit Act.

ASX small caps to watch today

Revenue for H1 FY22 increased by $2.2m to $48m from the same half last year, ERD said. The vehicle fleet solutions company said it will continue its growth strategy by increasing R&D spend to 28% of revenue.

Tigers Realm Coal (ASX:TIG)
TIG said it has achieved a record tonnage of 906kt of coal sold during the 2021 shipping season. This record result is 131kt (17%) higher than the previous record achieved during 2020, and was achieved during a time when the markets for our coal were very strong.

Lunnon Metals (ASX:LM8)
A re-assay review of historical hole, CD 54, verifies over 15m of nickel mineralisation including 15.75m @ 2.76% Nickel (true width estimated at 10.7m), LM8 said. This confirms thick mineralised trend noted on historical WMC, an unmined project closed by Foster in 1994.

Breaker Resources (ASX:BRB)
Assays from the latest round of 1,875m of RC drilling at its Manna Lithium Prospect include: 17m @ 1.54% Li2O from 38m, and 9m @ 1.94% Li2O from 219m

Triton Minerals (ASX:TON)
A desktop study by CPC Project Design, who have been engaged by Triton, envisages a 250,000 tpa plant capable of producing 10,000tpa of graphite concentrate at TON’s Ancuabe graphite project in Mozambique.

Initial capital expenditure of between US$32m to $52m is required, which is significantly less than the US$99m estimate for the 60ktpa plant in the DFS, the company added.