• SPI200 futures closed down 13 pts to 5784
  • SP500 futures closed down 3.50 pts to 2333.75
  • FTSE100 futures closed down 42 pts to 7060
  • DAX30 futures closed down 11 pts to 12044
  • GOLD finished down $12.10 to $1282 an ounce
  • COPPER futures finished up $0.20 to $254.25 a pound
  • OIL futures finished down $1.83 to $50.58 a barrel
  • CRB Index finished down 2.64 pts to 185.44
  • AUDUSD trading at 0.7494
  • EURUSD trading at 1.0711
  • GBPUSD trading at 1.2781
  • USDJPY trading at 108.8500

Traders opened the US session with some optimism but then sentiment fell away as the bears woke up late and the major Indexes closed the session lower. The financial sector once again weighed on the market as positive earnings from Morgan Stanley did little to rally the troops. IBM also weighed on market sentiment as it dropped around 5%. Crude Oil was also a major drag on the markets as inventories came out more than expected. Traders still focused on stretched company valuations going into the quarterly reporting and Trumps ability to carry out his pro-growth promises. The FTSE continued to slide on political turmoil after the shock calling for an early election while French Elections provide some concern.

The USD gained back some ground after slipping to a three week low on concerns that Trump can not carry out pre-election promises. The Pound gave up some of the massive gains from the previous sessions going into fridays Retail Sales data. The Euro fell as French elections weighed on the currency pair.

Gold fell on Technical selling into an extended market and also on a stronger USD while Oil was hit hard as rising US inventories came back into the picture.

The ASX200 is expected to open 10/15 points lower to continue the weakness from previous sessions. Technically, the ASX200 is extended lower so the bulls may start to fight back today.



NZD CPI Data 8:45am

JPY Trade Balance 9:50am

AUD NAB Quarterly Business Confidence 11:30am

EUR German PPI Data 4pm

USD Philly Fed Manufacturing Index 10:30pm

USD Unemployment Claims 10:30pm

GBP BOE Gov Carney Speaks 1:30am

GBP BOE Gov Carney Speaks 2:30am

USD Treasury Sec Mnuchin Speaks 3:15am