Market Updates 25/06/2018

ASX are set to trade higher today on the back of stronger trading session on Friday, Dow Jones up by 0.5%, S & P up 0.2% and Nasdaq up by 0.3%.

In Europe, Stoxx 50 up by 1.1%, FTSE up 1.7%, CAC up by 1.3% and the DAX up 0.5%.

AUDUSD also rebounded up by 0.8% trading at US $0.7440 on the back of stronger Gold up 0.3% trading at US $1,270.56 an ounce, Iron Ore also traded higher up by 0.7% trading at US $65.28 per tonne. Not too many data releases this week but investors will be looking for the GDP numbers due out in the US on Thursday with market expecting it to be steady at 2.5%.

DATA RELEASES THIS WEEK:

Wednesday:

USD – CB Consumer Confidence & Cored Durable Goods Orders m/m

NZD – ANZ Business Confidence

GBP – BOE Gov Carney Speaks

Thursday:

USD – Crude Oil Inventories & Final GDP q/q

NZD – Official Cash Rate & RBNZ Rate Statement

Friday:

GBP – Current Account

CAD – GDP m/m & BOC Business Outlook Survey

 

Andrew Law

General Manager

D: 61 2 9993 0795

M: 0411 625 998

Posted in Foreign Exchange News.