The Morning Jumpstart


  • SPI200 (Sep) overnight futures up 46 pts to 5724
  • SP500 up 41.04 pts to 2673.60
  • NASDAQ up 142.87 pts to 7081.85
  • Dow Jones up 354.29 pts to 24,640.24
  • FTSE100 up 83.14 pts to 7036.0
  • DAX30 up 162.03 pts to 11354.72
  • GOLD futures (Dec) down $0.50 to $1222.70 an ounce
  • COPPER futures (Comex Mar) down $0.0180 to $2.7670 a pound
  • OIL futures (Nymex Jan) up $1.27 to $51.69 a barrel
  • CRB Index up 0.70 pts at 180.30
  • AUDUSD trading at 0.7230
  • EURUSD trading at 1.1335
  • GBPUSD trading at 1.2814
  • USDJPY trading at 113.6100


The US came back strong after the long weekend and a massive Black Friday for retailers which dragged in an anticipated $7.8 billion in sales. Sentiment was lifted across the board after last weeks selloff so markets saw buyers into most beaten down sectors. All 11 major sectors in the US were stronger. Traders are now looking ahead to the G20 summit where the US is expected to meet with China over the escalating tariff spat. The DOW was up 1.46% while the broader SP500 was up 1.56% and the Nasdaq also up 2.06%.  In Europe shares were higher on new found optimism on Italy’s budget plans which led to a rally in Italian banks and Bonds.

The USD saw a choppy session as sellers ruled through the European session only to give up as price bounced through the US session to finish higher. The EUR initially spiked in European trade on news that the Italian government is re-assessing the budget plans to cut spending in line with EU expectations, but could not hold onto gains as the USD rallied. The GBP was also mixed with gains from an initial rally being giving up through the US session. The AUD was weaker thanks to the swing in the USD but found some minor support in stronger commodity Indexes.

Gold was relatively unchanged leaning to the downside on pressure from a rise in the USD. Oil rebounded to ease the pressure from the bears and help support oil stocks although gains were limited. Copper continued lower from pressure in the USD and as traders await US/China talks for a potential long awaited lift in demand.

Cryptocurrencies continued their slide lower as sentiment sours with Bitcoin trading at $3746.6 down 7.76% while Ethereum is trading at $107.83 down 8.07% and Ripple at $0.35344 down 4.48%.

The ASX200 closed down 44.6 points to 5671.6 after opening weaker and never really managing to hold on to any gains. Traders are still concerned with the relationship between China and the US and are holding out for some form of agreement that can ease the pressure. Energy shares led the charge lower while Financials held up okay with three of the big four banks in the green for the day. Miners were under pressure as commodity prices continued to find sellers. Declining stocks outnumbered rising ones by 705 to 438 and 332 ended unchanged.

The ASX200 is expected to open up 50 points to claw back some recent losses as the SPI200 rallied on the back of strong overnight markets.



NZD  Trade Balance  8:45am

JPY  BOJ Core CPI data  4pm

ALL  OPEC Meetings  Tentative

USD  FOMC Member Clarida Speaks  12:30am

USD  CB Consumer Confidence 2am

USD  FOMC Member Bostic Speaks 6:30am

NZD  RBNZ Financial Stability Report 7am