Laura Besarati
๐ค SpeakerAppearances Over Time
Podcast Appearances
They were down around 4% last week, but today gold price is actually improving on that latest news.
Absolutely.
And look, there has been a fair bit of company news around today as well.
Now, the best performer on the ASX 200 has been toll operator Atlas Arteria.
Now, it surged about 14% after receiving a takeover offer from asset manager IFA.
worth approximately $7 billion or about $4.75 per share, which is a 10% premium to its closing price ahead of the offer.
Now, the boards of Atlas Arteria will now establish an independent board committee to consider the offer and they'll update shareholders in due course.
They've told investors to take no action for the time being in relation to the offer, but shareholders have clearly been excited by this and that's driven its share price to a two-month high.
Another winner today, the second best is gold miner Newmont.
Its share price is up around 7% despite it being a fairly quiet session of trade as we alluded to towards the top.
But you mentioned it hasn't been that quiet and maybe it's because investors have been buying into these shares that we have been talking about.
Look, it seems to be extending some of its modest gains from Friday after it came out with a stronger than expected trading update.
It was only up a very modest 0.7% on Friday, so doing much better today with that near 7% lift.
And it's also received a lift in its earnings forecasts and target price by a broker today.
So that certainly helped to drive its share price higher.
All right, let's look ahead because we have a super big week coming up.
So looking to tomorrow first, we have some quarterlies out from Beach Energy, Coronado, Caroon, Whitehaven Coal, so plenty in the energy space, which could drive share prices around.
But looking to, you know, the rest of the week, things really heat up from sort of Wednesday onwards.
We have MAG7 earnings, the magnificent seven.
So Alphabet, Amazon, Meta, Microsoft all on three.