Company Interview / the open: ASX to open flat as Wall Street soars

 The local market is set to open the new financial year relatively flat, with ASX futures pointing down just 6 points. 

Wall Street saw more records with the S&P 500 and Nasdaq reaching new highs, ending its best quarter in more than a year. Over the 3 months the S&P gained 10.5%, the Nasdaq rose almost 18%, and the Dow climbed 5%.

 The US dollar has fallen to a near four-year low against the euro. This comes on reports that the EU is open to accepting a trade agreement with the US that would apply a universal 10% tariff on many of its exports. The Australian dollar has climbed to US65.8c. 

Oil prices edged down on Monday as investors weighed easing Middle East risks. Brent futures were down 0.2%, to $67 a barrel. Meanwhile, copper has fallen 0.4%, iron ore is down 1% at $94 a tonne.