ASX Market Open: Flat trades ahead on quiet day as Wall Street shut; Europe also flat | 3 Sept 2024


Good morning and a happy Tuesday. The ASX200 is set to trade flat for a second day with futures down -0.06% near 8.30am AEST.

We didn’t get Wall Street activity overnight given a trading holidays. Markets in Europe were equally directionless.

The STOXX Europe, German DAX, French CAC 40 and British FTSE all ended within flattish territory; none climbed or fell higher than a fifth of a percent.

In commodities where prices are in USD,

Iron Ore is fetching $96.95/tn in Singapore,

A barrel of Brent Crude is currently worth just over $77,

Gold is at $2,498 per ounce, and,

US natgas futures are fetching $2.17 per gigajoule.

In forex, the Aussie continues to buy 68 US cents.

That’s Market Open, I’m Jonathon Davidson, we’ll be with you later in the day for a trading update.


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