ASX has opened Monday’s trading session higher currently up 0.84% back over 6000 for the first time this month, boosted by the US jobs data on Friday. US markets closed out last week with strong gains after the jobs data indicated that wages are contained and that the US Fed is likely to keep raising interest rates.
AUDUSD is currently trading higher at the US $0.7864 on the back of the exemption by US President to exclude Australia in his latest Tariff on imported steels, which saw Iron Ore prices dropped more than 4% to the US $70.09 a tonne.
Global investors will be watching CPI numbers due out in the US on Tuesday with the forecast at 0.2% rise in February, Retail sales & PPI numbers are also due out on Wednesday.
DATA RELEASES THIS WEEK:
AUD – NAB Business Confidence & Home Loans m/m
GBP – Annual Budget Release
USD – CPI m/m & Core CPI m/m
CNY – Industrial Production y/y
EUR – ECB President Draghi Speaks
USD – Core Retail Sales, PPI m/m & Core PPI m/m
USD – Crude Oil Inventories m/m
NZD – GDP q/q
CHF – Libor Rate & SNB Monetary Policy Assessment
USD – Building Permits
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