ASX is set for a positive start on Monday’s trading session with SPI up by more than 30 points on the back of strong trading session in the US. Dow Jones up by 1.4%, S & P up by 1.3% & Nasdaq up by 1.7%.
Tech shares led the way with Apple surging to a record high, Facebook gained 1.5% and Amazon gained 0.6%.
AUDUSD is trading US $0.7531 cents on the back of a strong USD. Gold has also traded strongly up 0.2% at US $1,315 per ounce. Iron Ore is down 0.9% at US $66.28 a tonne.
Local investors will be focusing on the retail sales and budget figures due out tomorrow.
DATA RELEASES THIS WEEK:
AUD – Retail Sales & Annual Budget Release
NZD – Inflation Expectation q/q
USD – Fed Chair Powell Speaks
USD – PPI m/m
USD – Crude Oil Inventories
NZD – RBNZ Monetary Policy Statement, RBNZ Rate Statement & RBNZ Press Conference
GBP – Manufacturing Production m/m, MPC Official Bank Rate Votes, Monetary Policy Summary & Official Bank Rate
USD – CPI m/m & Core CPI m/m
CAD – Employment Change & Unemployment Rate
EUR – ECB President Draghi Speaks
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