1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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The local market is set for a negative start with ASX futures off by 0.4%
Global stocks have fallen while investors have sought safe haven assets, sending precious metals to new record highs after US President Trump threatened additional tariffs on European countries that oppose his planned takeover of Greenland.
US markets were closed for the Martin Luther King Jr. Day, although S&P 500 and Nasdaq futures both dropped over 1.2%.
President Trump's renewed tariff threats against European allies have revived talk of the 'Sell America' trade. European countries are the United States' biggest creditor, owning $8 trillion worth of equities and bonds, almost twice as much as the rest of the world combined, according to Deutsche Bank.
The US dollar fell on concerns that global investors could exit US assets in response to a US-EU trade war. The Australian dollar is trading at US67.1 cents.
