ASX 200 jumps on Monday after United States, European Union strike deal for 15 per cent tariffs
The index has jumped 0.3 per cent in the first 40 minutes of trading after finishing last week down 0.1 per cent.
Helloworld Travel has soared almost 13 per cent after upgrading its earnings guidance while Newmont Corporation is up 4.5 per cent and Bellevue Gold has added 4.1 per cent.
Uranium miner Boss Energy is down more than 36 per cent after warning it faces challenges at its Honeymoon project in South Australia.
Meanwhile, Donald Trump and European Commission President Ursula von der Leyen revealed 15 per cent import tariffs on most EU goods amid efforts to avoid a costly trade war.
The announcement comes during US President Donald Trump's visit to Scotland, where European Commission President Ursula von der Leyen met with Trump at his golf club on Sunday, local time.
"I think this is the biggest deal ever made," Trump told reports following the meeting between the pair, while Ms von der Leyen said the tariff applied "across the board".
"We have a trade deal between the two largest economies in the world, and it's a big deal. It's a huge deal. It will bring stability. It will bring predictability," she said.
Investors await the quarterly inflation figures due on Wednesday that are crucial to the Reserve Bank of Australia's next cash rate call.
Mortgage holders could see financial relief if trimmed mean inflation sinks as money markets forecasting the rate to fall from 2.9 per cent to 2.7 per cent.
Wall Street was up on Friday with the Nasdaq adding 0.2 per cent, the S&P 500 jumping 0.4 per cent and the Dow Jones rising 0.5 per cent.
London's FTSE 250 fell 0.2 per cent while both Germany's DAX and the STOXX Europe 600 sank 0.3 per cent on Friday.
New Zealand's NZX 50 Index has risen half a per cent while Japan's Nikkei 225 has slumped 0.4 per cent.
-With Reuters
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News.com.au
8 minutes ago
- News.com.au
Starmer to press Trump on Gaza, trade in Scotland talks
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Herald Sun
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While RLF AgTech and ClearVue Technologies are Stockhead advertisers, they did not sponsor this article. This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decision. Originally published as Aussie farmers need more than rain, so RLF harvests hope with root-deep tech
Sky News AU
2 hours ago
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Trump delivers on ‘America first' promise as US economy flourishes
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