The Morning Jumpstart


  • SPI200 overnight futures down 13 pts to 6080
  • SP500 up 20.04 pts to 2733.01
  • NASDAQ up 39.70 pts to 7394.04
  • FTSE100 up 80.38 pts to 7859.17
  • DAX30 Closed
  • GOLD Spot up $0.24 to $1292.84 an ounce
  • COPPER futures up $3.70 to $310.05 a pound
  • OIL futures up $1.29 to $72.57 a barrel
  • CRB Index up 2.00 to 205.69
  • AUDUSD trading at 0.7582
  • EURUSD trading at 1.1791
  • GBPUSD trading at 1.3430
  • USDJPY trading at 111.0500

The US started the week off on a strong note as the US and China came to a truce and agreed to hold further talks to boost US exports to China. The talk of a truce over the weekend led stocks to open higher and hold on to gains through the session as the DOW closed up 298.20 points or 1.21% while the SP500 was up 0.74% and the Nasdaq up 0.54%. Industrial stocks led the charge as traders put fears of a trade war aside for now. Traders see any news that a trade war is less likely being positive for earnings for the second half of 2018 as many companies have cited trade tensions as a major potential drag on growth going forward. In Europe markets were higher on easing trade war tensions although the German DAX Index was closed for a bank holiday so will play catch up when it re-opens tonight.

Cryptocurrencies gave up some of the recent gains as Bitcoin traded lower currently down 1.35% at $8408.2. Ethereum is down 3.52% at $695.12 while Ripple is down 3.51% at $0.67551.

The USD was little changed at the close after giving up earlier gains from easing trade tensions into the close.  The AUD had a strong night helped higher by a gain in commodity Indexes and technical buying. The EUR also managed to put on minor gains from the same time yesterday while the GBP edged lower.

Gold floundered to finish flat after earlier spiking lower.  Copper bounced back from recent selling pressure to put on handy gains. Oil had a solid session to gain around 1.8% on concerns that Venezuela’s oil output could fall further on potential sanctions on the OPEC member nation.

The ASX200 is is expected to open down 10 points as the SPI200 struggled to follow the US higher and edged lower during the session.



JPY  BOJ Core CPI 3pm

GBP  MPC Member Vlieghe Speaks 6:15pm

GBP  Public Sector Net Borrowing 6:30pm

GBP  Inflation Report Hearings 7pm

CNY  CB Leading Index 11pm

USD  Richmond Manufacturing Index 12am