MARKET SNAPSHOT

  • SPI200 futures closed up 6 pts to 5738
  • SP500 futures closed up 0.25 pts to 2425.25
  • FTSE100 futures closed down 4.50 pts to 7308.50
  • DAX30 futures closed down 18 pts to 12454.50
  • GOLD finished up $3.80 to $1223 an ounce
  • COPPER futures finished down $1.05 to $268.25 a pound
  • OIL futures finished up $0.01 to $47.08 a barrel
  • CRB Index finished up 1.41 pts to 177.96
  • AUDUSD trading at 0.7606
  • EURUSD trading at 1.1349
  • GBPUSD trading at 1.2925
  • USDJPY trading at 113.3100

Markets were quiet overnight as the US was closed for the full session for Independence Day. There was a bit of action from North Korea as ballistic missile tests landed a missile in Japanese territorial waters amid assertions from Pyongyang that it could now strike “anywhere in the world”. Europe saw some selling as profits were locking in from the previous days gains.

The USD drifted sideways for the session due to the holiday break which left the EURO and Pound relatively unchanged. The AUD was weaker after yesterdays RBA statement was less hawkish than expected with the central bank sticking to its neutral stance conflicting with the ECB and Fed Reserve.

Gold bounced back thanks to North Korea while Oil remaining unchanged.

The ASX200 is expected to open flat after the US was closed overnight leaving the SPI200 futures to drift sideways.

 

ECONOMIC DATA OUT TODAY (AEDT) –

AUD  AIG Services Index 9:30am

CNY  Caixin Services PMI 11:45am

EUR  German Final Services PMI 5:55pm

EUR  Final Services PMI 6pm

GBP  Services PMI 6:30pm

EUR  Retail Sales 7pm

USD  Factory Orders 12am

USD  FOMC Meeting Minutes 4am

 

ASX200 INTRADAY LEVELS TO WATCH –