Market snapshot
- ASX 200 futures: flat at 8,078 points
- Australian dollar: -0.2% to 63.75 US cents
- Wall Street (Friday): Dow +0.1%, S&P 500 +0.7%, Nasdaq +1.3%
- Europe (Friday): DAX +0.8%, FTSE +0.1%, Eurostoxx +0.8%
- Spot gold (Friday): -0.9% to $US3,318/ounce
- Brent crude: +0.5% to US$66.87/barrel
- Iron ore (Friday): -1.0% to $US98.40/tonne
- Bitcoin: -0.7% to $US94,282
Prices current at around 7:15am AEST
Good morning
Good morning and welcome to another week on the ABC markets and finance blog.
Stephen Letts from the ABC business team limbering up for a blow-by-blow coverage of the day’s events, where every post is hopefully a winner, but none should be construed as financial advice.
In short, this is not shaping up to be the sort of day market observers will be talking about in years to come.
Futures trading points to the ASX 200 going nowhere in particular on opening — well, two points higher if we are being pedantic, something we try to avoid on Monday’s blog.
However, a convulsive swing in fortunes in either direction is often only a social media post away these days, so we’ll stay alert to that.
From a local perspective, the ASX may well be in a holding pattern ahead of Wednesday’s inflation figures that will be central to the RBA’s May interest rate decision.
As always, the game’s afoot, so let’s get blogging.
