ASX futures are indicating a strong start today, up around 77 to 86 points or about 0.9% to 1%, as investors anticipate a positive market response ahead of the Reserve Bank of Australia's interest rate decision.
Internationally, US markets closed higher overnight with the Dow Jones climbing 1.1%, Nasdaq gaining 1%, and the S&P 500 up 0.7%, boosted by Oracle's strong performance. European markets showed steadiness, while the recent volatility in precious metals, including significant swings in gold and silver prices, has somewhat stabilised.
Key events today include the RBA's interest rate announcement, which will heavily influence market direction. Investors should also monitor US corporate earnings reports scheduled for the week, alongside geopolitical developments such as the US-India trade deal, which may impact global trade sentiment.
The Australian dollar has softened to around 69.42 US cents, reflecting mixed commodity price pressures amid fluctuating Brent crude oil prices. Market participants are advised to keep a close eye on commodity markets and US Federal Reserve signals amid ongoing market volatility.
