It’s looking like a fourth straight day of yo-yo-ing for Australian shares in Week 9, though just by a whisker – ASX 200 futures are tipping the local bourse to open a modest 0.1% higher, adding just six points to 8,250.

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It won’t surprise many investors to hear Trump’s latest comments had a heavy effect on global shares overnight; this time, it’s EU tariffs on the way.

(He may genuinely have been serious when he said it was “the most beautiful word.”)

The U.S. President confirmed he will be imposing tariffs on the European Union “very soon” and will be targetting everything from cars to “other things” – and yes, that was about as specific as he got with his latest threats this week.

The President’s bellows warning sent the Nasdaq composite tanking -1%.

That in itself was a dramatic turnaround considering the tech-led index had been slowly building upward in preparation for Nvidia’s reports after the bell.

While talking about reporting, we can also take a look back home – the last reporting season docket comes out today, led by Qantas (ASX:QAN).

Also expected: Coles Group (ASX:COL), Ramsay Health Care (ASX:RHC), and more.

Pay close attention to Coles; its archrival Woolworths (ASX:WOW) just shared fairly disappointing results yesterday that then led into plans to cut office jobs and shave down how many products its stores carry.

After Treasurer Jim Chalmers poured over details earlier, Qatar Airways has been given the ‘OK’ to buy a 25% stake in Virgin Australia (ASX:VAH) today.

Similarly, the Foreign Investment Board waved the green light late last week.

On the HotCopper forums, it’s all eyes on Auric Mining (ASX:AWJ) after the miner inked a binding letter agreement to buy Lindsay’s Project from digger-combo Top Global Mining and NBC Mining in a $4m deal.

Also to watch: Heartland Group (ASX:HGH) may hit choppy waters after telling investors its interim profits tanked 79.8% as it works on derisking.

Looking at forex, the Aussie dollar is buying 63 US cents.

To commodities, which are in the greenback,

Iron Ore has slipped ever so slightly to $105.95 a tonne in Singapore,

Brent Crude is trading at $72.69,

Gold is trading at $2,927 per ounce, and, 

US natgas futures are at $3.99 per gigajoule.

That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.