The ASX 200 is up 22 points in mid morning trade after US holiday. Gold & Materials weaker, banks ok, REITS, Energy best. Quiet news-wise. USS jobs numbers head.  #ausbiz


  • Economic data – AIG construction index
  • Japanese data – Household spending, leading economic index, coincident index


  • US economic data – Employment data (exp 180k, prev 75K), unemployment rate (exp 3.6%, prev 3.6%)


  • Magellan Group (MFG) – n June, Magellan experienced net inflows of $488 million, which included net retail inflows of $132 million and net institutional inflows of $356 million.


  • Speedcast (SDA) – Has clarified the information in yesterday’s press release (US Department of Homeland Security contract worth $3m) saying it is not the sole awardee and the award does not guarantee any particular level of revenue to Speedcast.


  • Domestic data – ANZ job ads on Monday, NAB business confidence on Tuesday, housing finance on Thursday.
  • Chinese data – Inflation on Wednesday and trade data on Friday
  • UK data – GDP, industrial production
  • Bank of England Financial Stability Report
  • European industrial production
  • US data – CPI on Thursday, PPI on Fridaym






US EQUITIES – Market closed

EUROPEAN MARKETS – Mostly higher. STOXX600 +0.09%, UK FTSE -0.08%, German DAX +0.11%, French CAC +0.03%

Main themes

  • Trade talks will continue over coming weeks
  • Iran tensions escalate – Trump tweet that threats can “come back to bite you ” after Iranian President Hassan Rouhani announced that Iran would increase its uranium enrichment.
  • Italy – averted EU disciplinary action over its budget after convincing the European Commission that measures submitted this week would help bring its growing debt into line with EU fiscal rules.


  • The USD is unchanged at 96.77.
  • The Aussie dollar is little changed at US70.23.

BONDS – Market closed


  • Oil – WTI futures fell US47c or 0.82% to US$56.87 a barrel. US inventories fell 1.1mb (exp 3mb). The Baker Hughes rig count fell by 5 oil rigs to 788
  • Gold futures fell 0.3% to $1,416.90 an ounce
  • Iron Ore – Commsec has iron ore up US15c or 0.1% to US$126.35 a tonne, another record high.
  • LME metals – Mixed. Cu -0.26%, Ni +0.16%, Al +1.23%.

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