ASX200 Index

The ASX200 advanced +0.1% last week, but after five consecutive weekly gains, it appears likely to be harder to add to the move this week, with plenty of good news built into markets, plus the uncertainty around the Middle East weighing on sentiment. We shouldn’t forget the markets already surged over +20%, posting new all-time highs last week. Remembering that historically, July is the seasonally strongest month of the year, and MM is looking for the index to rally into Christmas, we will be looking for buying opportunities if the market spikes lower in the coming weeks.

• The SPI Futures are calling the ASX200 to open down 0.2% after a late sell-off on Saturday morning.