The Morning Jumpstart


  • SPI200 overnight futures up 38 pts to 6092
  • SP500 up 33.69 pts to 2663.42
  • NASDAQ up 121.47 pts to 7209.62
  • FTSE100 up 64.45 pts to 7567.14
  • DAX30 up 129.45 pts to 12819.60
  • GOLD futures up $2.00 to $1314.70 an ounce
  • COPPER futures up $0.55 to $308.55 a pound
  • OIL futures up $1.29 to $69.72 a barrel
  • CRB Index up 1.15 to 203.25
  • AUDUSD trading at 0.7539
  • EURUSD trading at 1.1960
  • GBPUSD trading at 1.3531
  • USDJPY trading at 109.1200

The US closed out the week on a strong note after weaker than expected jobs data eased interest rate fears. The DOW was up 332.36 points or 1.39% while the broader SP500 was up 1.28% and the Nasdaq up 1.71%. Tech stocks led the way helping indexes add to gains as Apples share buy back boosted the share price and Warren Buffett’s Berkshire Hathaway raised its stake in the tech giant. US jobs data showed that non-farm payrolls and wages rose less than expected while the unemployment rate fell to 3.9% easing concerns that inflation pressure is rising. In Europe shares ended the week on a high as continued weakness in the Euro helped to ease headwinds for companies after impacting first quarter results.

Cryptocurrencies still holding highs but off to a weak start to the new week with Bitcoin trading at $9563 down 2.23% while Ethereum is down 2.90% and Ripple down 5.60%.

The USD initially rallied after the jobs release but fell away to the end the session with minor gains against major currency pairs.  The EUR and GBP were both weaker while the AUD was unchanged by the end of the session.

Gold managed to add to previous gains helped higher by technical trading and as jobs data was weaker than expected. Copper also managed to add to gains as commodities were higher while Oil had a big night pushing up towards the $70 a barrel mark as global supplies remained tight and the market awaited news from Washington on possible new US sanctions against Iran.

The ASX200 is is expected to open up 35/40 points after the SPI200 finished the week on a strong note following the US higher into the close.



AUD  AIG Construction Index 8:30am

JPY  Monetary Policy Meeting Minutes 9:50am

AUD  NAB Business Confidence and ANZ Job Adverts 11:30am

EUR  German Factory Orders 4pm

USD  FOMC Member Bostic Speaks 10:25pm

USD  FOMC Member Barkin Speaks 4am