Market Wrap / continental drift

The S&P/ASX 200 struggled to make gains during Monday's trade as US President Donald Trump reaffirmed America's tariffs intentions towards Europe.

The S&P/ASX 200 Index closed fairly unchanged at 0.10 points up. 

The materials sector managed to make some gains despite Rio Tinto shedding 1.8% amid reports of bribery accusations in Mongolia. Uranium player rose as President Trump signed an executive order to nearly quadruple the US nuclear energy capacity. Deep Yellow rose 14.1% while Boss Energy gained 8%.

The tech sector lead the index, with Wisetech rising 4.7% on its $2.1 billion acquisition of E2open, a cloud-based logistics company in the United-States. 

Elsewhere, Elders dropped 6.4% as it missed market expectations on its half-year earnings. 

US and UK markets are now closed for different public holidays this Monday. Tomorrow, Japanese CPI data is due, and locally, ALS is due to report.