Company Interview / the open: ASX to rise amidst US-EU trade talk

The local market is set for a strong opening with ASX futures up 0.6%.

 Stocks on Wall Street closed marginally higher, as the Nasdaq reached another record, driven by the Mag 7. 

The European Union on Monday accused the US of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached to avoid the punishing tariffs President Donald Trump has threatened to impose starting on August 1. Trump, meanwhile, said he was open to further discussions with the EU and other trading partners before new 30% tariffs kick in next month

Brent crude futures fell 1% lower at $69 a barrel, along with copper falling 0.9%, whilst iron ore rose 0.3% to $99 a tonne. 

The US dollar index is up 0.2% on the day, meanwhile the Australian dollar is trading at US65.5c. And Bitcoin rose more than 3% overnight to hit a new high of $123,000.