Company Interview / the open: ASX to rise after tariff talks

The local market is set for a modestly higher opening with ASX futures up 0.2%, as US and UK markets were closed on Monday for holidays.

 Shares in Europe began the week on a positive note, recouping the previous session’s losses with the pan-European STOXX 600 index closing 1% higher. Global equity markets climbed as the euro dollar rallied after President Trump delayed his threat to impose 50% tariffs on the European Union. 

The EU also wants to see an end to 25% tariffs on steel and cars, and for President Trump to eliminate his "reciprocal" tariff, which was provisionally set at 20% for the EU, however is being held at 10% during a 90-day pause until July. 

Oil prices have held steady with news that eight OPEC+ countries - which had pledged extra voluntary oil output cuts - will now meet on Saturday to decide on output in the future. Brent crude futures are at $64 a barrel, whilst copper is changed slightly, falling more than 1% to $98 a ton. 

The Euro has hit a one-month high against the US dollar, whilst the Australian dollar fell slightly, currently trading at US64.85c. 

Amongst a relatively quiet day on the corporate and data front, ALS is due to release earnings results. Newmont shares trade ex-dividend and Neuren Pharmaceuticals holds its Annual General Meeting.