The Morning Jumpstart


  • SPI200 (Sep) overnight futures up 4 pts to 5758
  • SP500 up 27.69 pts to 2610.30
  • NASDAQ up 117.92 pts to 7023.84
  • Dow Jones up 155.75 pts to 24,065.59
  • FTSE100 up 40.00 pts to 6895.02
  • DAX30 up 35.88 pts to 10,891.79
  • GOLD futures US Session (Feb) down $2.30 to $1289 an ounce
  • COPPER futures US Session (Comex Mar) up $0.0070 to $2.6420 a pound
  • OIL futures US Session (Nymex Feb) up $1.57 to $52.08 a barrel
  • CRB Index up 1.19 pts at 178.98
  • AUDUSD trading at 0.7201
  • EURUSD trading at 1.1413
  • GBPUSD trading at 1.2877
  • USDJPY trading at 108.6800

Traders had a bit to be positive about overnight pushing the US higher into the close. Trump talked up chances of a deal with China on trade and Chinese officials hinted at potentially more stimulus for their slowing economy. The DOW was up 0.65%, while the broader SP500 was up 1.07% and the Nasdaq led the charge closing up 1.71%. In Europe Indexes ended higher on China news and hopes of a trade deal soon.

In Brexit news, May suffered a crushing defeat in Parliament for her plans of forging a ‘amicable divorce’ to maintain close ties to the EU. The defeat is a step closer to another referendum and a possible reversal of the 2016 decision to leave the EU, or worse, a disorderly exit from the EU. Either way, there is still massive uncertainty for UK assets.

The USD was higher at the end of the session helped by selling into the Euro. The GBP rallied hard off the lows after Mays Brexit defeat to finish slightly higher while the AUD closed flat. The EUR was lower after Germany reported its weakest growth in five years. The safe haven yen fell against the USD as USDJPY was up on the previous close .

Gold was lower as the USD rallied while Oil had a big night as OPEC and Russia cut supply of the commodity to support price. Copper had a good night on speculation the China and the US and making headway on a deal after Trumps positive comments.

Cryptocurrencies gave up some of the previous sessions gains to continue the volatility as Bitcoin current trades at $3555.3 down 2.44%, Ethereum is at $117.85 down 7.75% and Ripple is trading at $0.31972 down 2.93%.

The ASX200 closed up 41.2 points yesterday to shrug off the previous negative night in overseas markets. The Index closed at 5814.2 after China signaled more stimulative measures to tackle domestic growth worries in ‘pro-growth statements’. All sectors benefited from the statement and buyers came out to play. Advancing stocks outnumbered falling ones by 579 to 481 and 365 ended unchanged.

The ASX200 is expected to open up only 5 points as the SPI200 continued higher overnight.



AUD Westpac Consumer Sentiment 10:30am

JPY PPI Data 10:50am

EUR German Final CPI 6pm

GBP BOE Gov Carney Speaks 8:15pm

GBP CPI and PPI Data 8:30am

USD Import Prices 12:30am

USD Crude Oil Inventories 2:30am

USD Beige Book 6am