Market Highlights and 5 ASX Small Caps to watch on Monday
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All three major US benchmarks rose on Friday to reach fresh new highs, as solid earnings from US companies continue to roll in.
The Dow Jones rose by 0.68%, S&P 500 by 1.01%, and Nasdaq was up by 1.04%.
Social media company Snap Inc jumped 24% after doubling its quarterly revenue to $982 million from the same period last year.
In cryptos, Bitcoin is rising and is currently trading at the US$34,500 level at 8am AEST, from the US$32,200 level on Friday
It has been a strong few days for Bitcoin and crypto in general, partly thanks to a certain midweek fireside chat/pep talk at The B Word summit.
US investment bank JP Morgan has also just announced its plans to grant crypto trading access to all its clients.
The ASX 200 looks set to open higher at the open this morning, with futures markets (September contracts) pointing up by 0.89% at 8:30am AEST.
Last week, the benchmark index came back strong and ended up 0.63% higher, after losing a lot of ground on Monday and Tuesday.
The company says the initial assays for drill-holes BO_315-317RC returned up to 9.19% Copper, and verified extensions to known mineralisation at its Big One Deposit in Mt Isa’s copper-belt. Assay results include: 1m @ 9.19% Cu, and 9m @ 1.42% Cu.
The 3D printing technology company said is has achieved the third milestone in its Tech Development Pathway, having completed Phase 2 testing to measure the capability of the RMP-1 Beta prototype printing in 316L stainless steel at high power.
The tin and copper miner said work on the Renison Tailings Retreatment Project will recommence with the expected completion of a feasibility study in 2023. The project involves the re-treatment of tailings at the Renison Tin Operation, in which Metals X holds a 50% equity interest.
Diamond hole MNEWDD003 completed at the Newleyine PGE-nickel-copper prospect, with massive sulphides observed coincident with strong DHEM conductor. The primary objective of the drilling programme was to test three discrete, late-time electromagnetic (EM) bedrock anomalies that geophysical interpretation suggests could be the response of massive sulphides.
The company has further upgraded the exploration potential of its 100%-owned Junee Copper-Gold Project in NSW after receiving highly encouraging exploration results, which include multiple strong anomalies beneath the extensive copper-gold anomaly.