The Morning Jumpstart


  • SPI200 (Sep) overnight futures up 26 pts to 5824
  • SP500 up 29.10 pts to 2711.73
  • NASDAQ up 144.25 pts to 7305.90
  • FTSE100 up 92.25 pts to 7128.10
  • DAX30 up 160.12 pts to 11447.51
  • GOLD futures (Dec) down $7.90 to $1217.40 an ounce
  • COPPER futures (Comex Dec) down $0.0080 to $2.6640 a pound
  • OIL futures (Nymex Dec) down $1.13 to $65.05 a barrel
  • CRB Index down 0.79 pts at 190.97
  • AUDUSD trading at 0.7077
  • EURUSD trading at 1.1318
  • GBPUSD trading at 1.2770
  • USDJPY trading at 112.9200


The US continued the upwards momentum from the previous session as buyers gained confidence from Trump comments on China. Solid earnings from Facebook lifted tech stocks although the company missed on revenue and growth projections. Traders are now looking to Apple earnings due at the close of tonight’s session for a further lift in sentiment. The DOW closed up another 241.12 pts or 0.97% while the broader SP500 was up 1.09% and the Nasdaq also finished up 2.01%. In Europe shares were higher across the board to finish a rough month on a positive note.

Traders will be awaiting US Employment data due out Friday night for direction on the USD and flow on affects to borrowing costs. Italy has a bank holiday tonight so local currency and bonds get some relief for a session.

The USD oscillated between gains and losses overnight as safe haven buyers edged back into shares although the index finished in positive territory. US Bonds fell as safe haven buyers edged out positions. The EUR and the AUD were both lower on USD strength while the GBP was higher as short sellers were squeezed ahead of the BOE monetary policy meeting tonight.

Gold continued to ease finishing lower as USD heads higher and safe haven buyers look elsewhere. Oil had a rough night to close down nearly 2% on a change in sentiment towards global shares and as global output increases ahead of Iranian sanctions. Copper continued lower as buyers stay on the sidelines awaiting more direction on US/China trade relations.

Cryptocurrencies were higher overnight but continues to lack the volatility of the past. Bitcoin is trading at $6365.2 up 0.49% while Ethereum is at $199.01 up 0.98% and Ripple at $0.45332 up 1.75%.

Locally, the ASX200 continued to find strength to hold above the 5800 level and close up 25.2 points with a very strong match at 4:10pm. Asia, namely China, was stronger in morning trade which supported our index. Traders sentiment was positive after comments from Trump on China which saw buyers jump into ‘cheap’ stocks. Advancing stocks outnumbered falling ones by 658 to 502 and 335 ended unchanged.

The ASX200 is expected to open up around 25 points after the SPI200 continued its positive mood through the overnight markets.



AUD  Trade Balance and Import Prices 11:30am

CNY  Caixin Manufacturing PMI 12:45pm

AUD  Commodity Prices 4:30pm

GBP  Manufacturing PMI 8:30pm

GBP  BOE Inflation Report, Monetary Policy Summary and Official Bank Rate 11pm

GBP  BOE Gov Carney Speaks 11:30pm

USD  Unemployment Claims 11:30pm

USD  ISM Manufacturing PMI 1am