Company Interview / the open: ASX to dip with risk events looming large this week

The local market is set to begin the week with a modestly lower opening with ASX futures off by 5 points. 

On Wall Street, investors also considered the week’s Federal Reserve policy meeting and the latest quarterly earnings. This came as the S&P 500 and Nasdaq extended their record high closes on Friday with the S&P 500 climbing 1.5%, the Nasdaq added 1% and the Dow rose 1.3%. 

The United States struck a framework trade deal with the European Union on Sunday, imposing a 15% import tariff on most EU goods. The deal includes $600 billion of EU investments in the United States and $750 billion of EU purchases of US energy over Trump's second term. 

The US dollar strengthened on Friday while the Euro was up slightly in the wake of the trade deal. The Australian dollar is at US65.7c.