Market Opener – 12 Jun 2018
Local Markets Commentary
The Australian market opened this morning after a public holiday with all global market eyes on Singapore and the summit between U.S. President Donald Trump and North Korean leader, Kim Jong Un.
Overseas Market Commentary
The Stoxx 600 closed up 0.8% led by the Italian index, rising 3.5% as the top performing market in Europe.
This followed positive-Euro comments made by Italian Finance Minister Giovanni Tria that pushed Italian banks Intesa Sanpaolo, UniCredit and Monte Dei Paschi to close at over 6% higher.