ASX Morning Briefing: Commodities steady, banks lead early bid

Futures point to a measured open as miners consolidate after a strong January run. Materials remain sensitive to China policy headlines, but spot pricing for iron ore and copper is holding firm.

Financials are the early rotation target. Our models show rising net interest margins stabilising, though deposit competition remains a watch item across the majors.

Key themes for today: watch energy stocks for LNG pricing updates, and monitor small-cap lithium names for continued volume spikes.