Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should consult your adviser.
Market Opener – 29 May 2018
Local Markets Commentary
The Australian market commences today’s trade on scant overnight international trade leads.
In overnight commodities trade, oil continued lower, US trade shortened due to a public holiday. The UK was also observing a public holiday.
US gold futures closed modestly lower, also following light, truncated trade.
Iron ore (China port, 62% Fe) slipped slightly.
The LME remained closed due to the UK public holiday.
The $A fell to ~US75.45c after trading at ~US75.60c early yesterday evening.
Locally today, a weekly consumer sentiment report is due pre-trade.
Regionally, Japan is scheduled to release April employment statistics, also pre-ASX trade.
The Singapore Exchange (SGX) will be closed today due to a public holiday.
Overseas Market Commentary
UK and US equities markets did not trade last night due to public holidays.
In Germany, the DAX 30 opened higher but generally headed lower from there.
The euro traded at new 2018 lows against the $US.
Italy’s president had named a PM-designate, but it remained uncertain when a new national election would be required, pending the ability of the new, transition-period head to form a government.
Tonight in the US, house prices, a consumer sentiment reading and regional manufacturing index are due.
Hewlett Packard is scheduled to report earnings.
In overnight corporate news, Prêt à Manger’s private equity owner announced it was selling the sandwich specialty business to JAB Holdings for £1.5B.
The Australian market commences today’s trade on scant overnight international trade leads.
In overnight commodities trade, oil continued lower, US trade shortened due to a public holiday. The UK was also observing a public holiday.
US gold futures closed modestly lower, also following light, truncated trade.
Iron ore (China port, 62% Fe) slipped slightly.
The LME remained closed due to the UK public holiday.
The $A fell to ~US75.45c after trading at ~US75.60c early yesterday evening.
Locally today, a weekly consumer sentiment report is due pre-trade.
Regionally, Japan is scheduled to release April employment statistics, also pre-ASX trade.
The Singapore Exchange (SGX) will be closed today due to a public holiday.
Overseas Market Commentary
UK and US equities markets did not trade last night due to public holidays.
In Germany, the DAX 30 opened higher but generally headed lower from there.
The euro traded at new 2018 lows against the $US.
Italy’s president had named a PM-designate, but it remained uncertain when a new national election would be required, pending the ability of the new, transition-period head to form a government.
Tonight in the US, house prices, a consumer sentiment reading and regional manufacturing index are due.
Hewlett Packard is scheduled to report earnings.
In overnight corporate news, Prêt à Manger’s private equity owner announced it was selling the sandwich specialty business to JAB Holdings for £1.5B.