MARKET SNAPSHOT

  • SPI200 futures closed down 16 pts to 5843
  • SP500 Index closed down 10 pts to 2346.50
  • FTSE100 futures closed up 16.50 pts to 7265
  • DAX30 futures closed down 67.50 pts to 12240
  • GOLD finished up $10.60 to $1259.10 an ounce
  • COPPER finished down $0.50 to $267.50 a pound
  • OIL finished down $0.20 to $50.95 a barrel
  • CRB Index finished up 0.56 pts to 187.63
  • AUDUSD trading at 0.7572
  • EURUSD trading at 1.0671
  • GBPUSD trading at 1.2486
  • USDJPY trading at 110.5000

US Markets lower after a late-afternoon reversal following signals from the Federal Reserve that it could change its bond investment policy this year, quenching a rally sparked by a strong private-sector jobs report. Traders also remained concerned over Trumps ability to deliver on promised tax reform. Europe was mixed with London higher while Dax pushed lower.

The USD pushed lower as minutes of the latest Federal Reserve meeting suggested the outlook for interest rates had not changed. The weaker USD helped buoy the Pound and EUR with Gold also gaining to close the session on a strong note. Oil continued its grind holding above $50 a barrel.

The ASX200 is expected to open down 15/20 points as traders get nervous about the outlook for the US.

 

ECONOMIC DATA OUT TODAY (AEDT) –

CNY Caixin Services PMI 11:45am

JPY Consumer Confidence 3pm

EUR German Factory Orders 4pm

CHF CPI 5:15pm

EUR Retail PMI 6:10pm

EUR ECB Monetary Policy Meeting Accounts 9:30pm

USD Unemployment Claims 10:30pm

ECB President Draghi Speaks 6am

 

ASX200 INTRADAY LEVELS TO WATCH –