ASX is pointing for a lower opening with SPI currently down 30 points to 6066 on the back of weakness on Wall Street Friday with Dow Jones flat, S & P down 0.3% and Nasdaq down 0.4%.
The trade talks between US and China has weighted into the US corporate results with investors to pause on further investments. Further concerns between talks with Iran and North Korean with further new sanctions and impact on Iranian oil output and threats on North Korean leader Kim Jong Un calling off his summit talks with President Donald Trump.
AUDUSD remain steady trading at US $0.7527 cents with Gold up by 0.1% trading at US $1,292.60 per ounce. Investors will be looking for directions from talks with US Central Bank Chef Powell & BOE Gov Carney this week.
DATA RELEASES THIS WEEK:
GBP – Inflation Report Hearings
AUD – RBA Gov Lowe Speaks
GBP – CPI y/y
USD – Crude Oil Inventories & FOMC Meeting Minutes
GBP – Retail Sales m/m
EUR – ECB Monetary Policy Meeting Accounts
GBP – BOE Gov Carney Speaks & Second Estimate GDP q/q
USD – Core Durable Goods Orders m/m & Fed Chair Powell Speaks
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