Join our daily newsletter At The Bell to receive exclusive market insights
Australian shares are poised to open basically flat, +0.03% higher on Thursday after ASX 200 futures reversed an impending red day on news Trump’s administration and the European Union were nearing a 15% tariffs resolution.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The U.S.-EU peace talks come just a day after the States settled on a deal that would see Japan “open” its economy to American cars, trucks, and rice.
Trump declared the U.S. would “always have a great relationship with Japan.”
The S&P 500 sizzled to a third straight record close on the news, while Tokyo’s Nikkei leaped a whopping +3.5% through its evening trade.
Europe enjoyed a rise too: The FTSE has been up +0.4%; the Stoxx +1%.
Trump tariffs are a talking point on Aussie shores too, but for different reasons, with the federal government today lifting its de facto ban on U.S. beef – a trade talks sticking point Trump had complained about several times.
The Albanese gov’t’s move will invite the ire of farmers and biosecurity experts alike; they made the call as a way to appease Trump and avoid higher tariffs.
In company news, Fortescue (ASX:FMG) and Lynas (ASX:LYC) are reporting today.
More market news
Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst
Dreamin’ of 9,000: This week’s HotCopper Wire episode is out
To forex, the Aussie dollar buys 66 US cents.
To commodities, all in the greenback,
Iron Ore has been down slightly, selling at $104.75 a tonne in Singapore,
Brent Crude is at $68.64,
Gold is at $3,393 per ounce, and,
US natgas futures have plunged -5.5%, to $3.07 per gigajoule.
That’s HotCopper’s Market Open, I’m Isaac McIntyre – good luck and happy trading.
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
