The Morning Jumpstart


  • SPI200 overnight futures up 13 pts to 6110
  • SP500 up 25.28 pts to 2723.07
  • NASDAQ up 65.07 pts to 7404.98
  • FTSE100 up 38.45 pts to 7700.97
  • DAX30 up 79.81 pts to 13022.87
  • GOLD futures up $8.80 to $1321.80 an ounce
  • COPPER futures up $5.25 to $311 a pound
  • OIL futures up $0.26 to $71.40 a barrel
  • CRB Index up 0.82 to 204.52
  • AUDUSD trading at 0.7533
  • EURUSD trading at 1.1917
  • GBPUSD trading at 1.3519
  • USDJPY trading at 109.3900

The US followed on from the previous sessions gains with another strong night as a modest rise in consumer prices eased inflation concerns. The DOW was up another 196.99 points or 0.80% with the SP500 up 0.94% and the NASDAQ up 0.89%. Lower CPI data sent US Bond Yields lower along with the USD as fears of a faster pace of rate rises eased while higher Oil prices continued to support the energy sector. Apple was a shining light as the price of the tech giant hit record highs as all 11 sectors finished the session with gains. In Europe major Indexes managed to close higher although weaker earnings results weighed down on the market.

Cryptocurrencies prices eased overnight as Bitcoin currently trades down 1.63% at $9121 while Ethereum is down 1.54% at $737.28 and Ripple down 2.53% at $0.77476.

The USD was weaker after CPI data came in less than expected to ease fears of a 4th rate rise.  The EUR and the AUD both pushed higher with the AUD getting an extra kick from higher commodity prices. The GBP was weaker after the Bank of England kept rates on hold offsetting gains from a lower USD.

Gold was higher helped along by USD weakness and tensions between the US and Iran over sanctions. Copper also got a kick higher to finish up 1.72% on technical buying.  Oil continued higher as traders eyed further declines in Venezuelan oil production along with Iran sanctions.

The ASX200 is is expected to open up 10/15 points as the SPI200 ended back up around the same level as the previous close. Traders may see this as another opportunity to lock in gains on the ASX200 in a stretched market as 6150 technical resistance may prove difficult to break.




NZD  Business NZ Manufacturing Index 8:30am

AUD  Home Loans 11:30am

CAD  Employment Change and Unemployment Rate 10:30pm

USD  Import Prices 10:30pm

EUR  ECB President Draghi Speaks 11:15pm

USD  Prelim Consumer Sentiment 12am