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The ASX 200 is poised for another day of flat trading, with futures down marginally by -0.06% as of 8:30 AM AEST. This subdued start follows a quiet session in global markets, impacted by a trading holiday in the United States and similarly uneventful market activity in Europe.
Global Market Recap
European markets displayed a lack of significant movement, reflecting the absence of fresh catalysts. The STOXX Europe 600, German DAX, French CAC 40, and British FTSE indices all closed the day within narrow trading ranges. None of these major indices recorded changes greater than 0.2%, highlighting the cautious sentiment prevailing across the region.
Commodity Prices
In the commodities market, key resources traded in USD showed minimal volatility:
- Iron Ore prices in Singapore are holding steady at $96.95 per tonne.
- Brent Crude is priced just above $77 per barrel.
- Gold remains at $2,498 per ounce, maintaining its position as a safe-haven asset.
- US Natural Gas futures are trading at $2.17 per gigajoule, reflecting stable demand in energy markets.
Forex Market
In the foreign exchange market, the Australian dollar continues to trade at 68 US cents, maintaining its recent levels as currency markets also remain quiet.
Summary
The ASX 200 is expected to experience a flat trading session today, mirroring the calm observed in international markets. With Wall Street closed and European indices showing little direction, attention will likely shift to any local economic data or corporate announcements that could influence trading later in the day.
