Enter your details to join our mobile app waitlist and receive early access to the Bell Direct App.
Wall Street started the new trading week with all three major benchmarks closing in the green, despite the tensions in global trade. The Dow Jones gained 0.08%, the S&P500 up 0.41%, while the Nasdaq gained 0.67%.
European markets closed mixed overnight as President Trump’s 50% steel tariffs inflate EU trade tensions. The STOXX600 closed 0.14% lower, the German DAX down 0.28%, France’s CAC down 0.19%, while the FTSE 100 was slightly higher up just 0.02%.
Locally on Monday the ASX200 posted a 0.24% loss to start the new trading month lower, as energy and utility stocks weighed on market gains, while only 3 of the 11 sectors ended the day in the green.
Brickworks (ASX:BKW) soared over 25% on Monday after the company announced a $14 billion merger with Washington H. Soul Pattinson (ASX:SOL), with the arrangement initially valuing BKW shares at a 10.1% premium to the previous closing price. The market’s reaction signals investors are positive about the strategic outlook for the merger and diversification the new merger offers in the building, property and diversified financials space.
What to watch today:
Trading ideas