Australian shares are carrying their hopeful up-trend into Tuesday in Week 16, with early ASX 200 futures pointing to a +0.17% gain before trade.
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While Trump’s 90-day pause last week is the leading motivator for the green swing, his softening around automotive import levies on Monday in the U.S. has also helped Wall Street traders turn dovish quite quickly.
Optimism has reigned outside Australia too, with the S&P 500 adding as much as 1.8% on Trump’s musings; the Nasdaq composite added 0.6% at the same time.
In Europe, the STOXX barrelled 2.7% higher. The Shanghai Composite has been +0.7%.
All this comes after the Oz bourse added 1% on Monday – a solid green jump.
At home, Collins Food (ASX:CKF) is looking to sell its Taco Bell business in “the next 12 months” as it looks to tighten the belt; it’s going back to basics.
Melbana Energy (ASX:MAY) is already top-trending on HotCopper forums today after positive news from its Block 9 reservoir in Cuba, where successful workover “significantly increased production rates.”
So too Tivan (ASX:TVN), which is working towards a binding joint venture with Sumitomo Corporation on the development and financing of the Speewah Fluorite Project.
Several ASX companies will start another quarterly earnings run today, with Amplitude Energy (ASX:AEL), Evolution Mining (ASX:EVN), and Hub24 (ASX:HUB) among those lifting the lid on recent operational performance.
In economic movers: The RBA Meeting Minutes will be available from 12:30pm today.
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Looking at forex, the Aussie dollar is buying 63.2 US cents.
To commodities, which are in the greenback,
Iron Ore has climbed 0.8% to sell at $97.90 a tonne in Singapore,
Brent Crude is trading at $64.93,
Gold is trading at $3,216 per ounce, and,
US natgas futures are at $3.33 per gigajoule.
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