The Morning Jumpstart


  • SPI200 overnight futures up 12 pts to 6111
  • SP500 up 11.01 pts to 2722.46
  • NASDAQ up 46.67 pts to 7398.30
  • FTSE100 up 11.22 pts to 7734.20
  • DAX30 up 26.29 pts to 12996.33
  • GOLD Spot down $0.09 to $1290.64 an ounce
  • COPPER futures up $2.30 to $307.90 a pound
  • OIL futures up $0.26 to $71.57 a barrel
  • CRB Index up 0.31 to 203.76
  • AUDUSD trading at 0.7515
  • EURUSD trading at 1.1809
  • GBPUSD trading at 1.3490
  • USDJPY trading at 110.3500

The US saw bulls back out and buying up as major indexes advancing in a broad rally as investors appeared to shake off fears of rising bond yields. The DOW closed the session up 62.52 points or 0.25% while the SP500 closed up 0.41% and the Nasdaq up 0.63%. Materials were the top performing sector for the day while Utilities dragged behind. Bond yields continued above the psychological 3.00% level where shares are expected to be less attractive. Traders are still happy to buy but less happy to push valuations higher as they weigh up risk reward between future growth and geopolitical issues. In Europe shares were higher supported by a weaker Euro.

Cryptocurrencies buyers continued to come under pressure as prices slide with Bitcoin down 2.57% to $8280 while Ethereum is at $694.26 and Ripple at $0.68380.

The USD edged higher to hold onto minor gains as bond yields continued higher holding above 3.00%.  The EUR and the GBP were lower while the AUD kicked higher helped along by commodities and as traders look ahead to Aussie employment data out today.

Gold held steady after the solid drop through technical support yesterday. Good news for the bulls is that price may react off some longer term support at current levels. Copper managed to claw back some of the losses from the previous session while Oil resumed its push higher as US oil inventories were weaker than expected giving oil bulls more to cheer about.

The ASX200 is is expected to open up 10 points after the ASX200 saw some heavy selling to close down 10 points in the match yesterday. Traders today will be focused on employment data out at 11:30 so expect to see some action in the Aussie Dollar.



NZD  PPI Data 8:45am

AUD  Employment Change and Unemployment Rate 11:30am

NZD  Annual Budget Release 12pm

USD  Philly Fed Manufacturing Index and Unemployment Claims 10:30pm

GBP  MPC Member Haldane Speaks 2am