The ASX 200 will likely open marginally higher following mixed leads from overnight trading. Both Europe and Wall Street were lower, with investors in a holding pattern awaiting further developments on the trade front and monetary policy. Precious metals were higher and so too iron ore, while most other commodities and bond yields were lower. The Aussie dollar was marginally lower against its US counterpart. On the domestic economic calendar, employment data for May will be published,which will likely have a major bearing on the Australian dollar and interest rates, and in turn, our market. In local company news, Select Harvest will trade ex-dividend. We believe the ASX 200 will close higher with large cap stocks doing the heavy lifting.