The Morning Jumpstart


  • SPI200 overnight futures up 27 pts to 6078
  • SP500 up 2.97 pts to 2782
  • NASDAQ up 14.42 pts to 7659.93
  • FTSE100 up 56.36 pts to 7737.43
  • DAX30 up 76.36 pts to 12842.91
  • GOLD futures up $1.70 to $1304.40 an ounce
  • COPPER futures down $4.90 to $325.10 a pound
  • OIL futures up $0.33 to $66.07 a barrel
  • CRB Index down 0.65 pts to 199.39
  • AUDUSD trading at 0.7609
  • EURUSD trading at 1.1784
  • GBPUSD trading at 1.3379
  • USDJPY trading at 110.0200

The US edged higher after traders brushed off tensions from the G7 as Canada announced retaliatory tariffs on goods imported from the US. All eyes are now on the summit in Singapore between the US and North Korea where everyone is hoping for ‘something good’ for a change of pace. The DOW was up 5.78 points or 0.02% while the SP500 was up 0.11% and the Nasdaq up 0.19%. Focus is also on interest rates at this weeks meetings of the US Fed Reserve, the European Central Bank and Bank Of Japan. In Europe shares were higher after banks were boosted after Italy’s new economy minister promised to keep the country in the Euro.

Cryptocurrencies is searching for support as Bitcoin is trading at $6782.9 up 0.57% while Ethereum is at $518.97 up 0.81% and Ripple is at $0.58218 up 2.33%.

The USD index was slightly higher in a range bound session overnight ahead of the US Central Bank meeting this week where interest rates are expected to be lifted. The EUR came under a bit of pressure but also was held up in a tight range. The GBP edged lower while the AUD was also lower as buyers and sellers digested the Spat between Trump and other leaders in the G7 meeting over tariffs.

Gold was slightly higher finding buying support from tariff concerns although it was kept in check ahead of the US and North Korea summit which could be potentially history making. Copper saw some profit taking after strong rallies last week on potential supply issues. Oil also edged higher ahead of further supply data from US inventories.

Locally, the ASX200 is poised to rise after finishing lower on Friday with attention on local employment data out over the next few days. Traders will have a lot to digest with G7 and North Korean summits and Reserve bank meetings that could through some volatility into markets.

The ASX200 is expected to open up 25/30 points as the SPI200 pushes higher over the last few sessions and the ASX200 comes back online after yesterdays public holiday.



AUD  NAB Business Confidence and Home Loans 11:30am

GBP  Average Earnings Index, Claimant Count and Unemployment Rate 6:30pm

EUR  German ZEW Economic Sentiment 7pm

USD  CPI Data 10:30pm

USD  Federal Budget Balance 4am