ASX Market Open: Markets move on Trump launching stunning legal attack on Fed chair Powell | Jan 13

Company News - BHP (ASX:BHP) is now within 8% of Commonwealth Bank's (ASX:CBA) lead on the S&P/ASX200 index, following a +30% rally over the last six months [4] - Resources Minister Madeleine King has expressed support for Rio Tinto's (ASX:RIO) mining mega-merger with Glencore, provided that Australia remains a focus [4] - Lunnon Metals (ASX:LM8) has reported finding "multiple significant, high-grade hits down plunge" at Lady Herial, attracting attention on HotCopper forums [5] - Miramar (ASX:M2R) has identified additional gold/copper targets at Lorraine [5] Market Overview - The Australian shares are projected to advance by +0.33% this Tuesday morning, influenced by global markets [1] - The S&P 500 reached another high, increasing by +0.2%, while the Dow Jones and Nasdaq composite rose by +0.4% [2] - European markets also saw gains, with London and the Stoxx both up by +0.2%, and Japan's market increased by +1.6% [2] Commodities - Iron Ore prices have held steady, rising by +0.5% to $109 per tonne in Singapore [6] - Brent Crude oil increased by +1% to $63.96 per barrel [6] - Gold is priced at $4,608 per ounce [6] - US natural gas futures rebounded by +6.8% to $3.38 per gigajoule [6]