The Morning Jumpstart


  • SPI200 overnight futures down 5 pts to 6042
  • SP500 down 8.57 pts to 2724.44
  • NASDAQ down 15.58 pts to 7378.46
  • FTSE100 up 18.28 pts to 7877.45
  • DAX30 up 92.20 pts to 13169.92
  • GOLD Spot up $0.03 to $1291.17 an ounce
  • COPPER futures up $2.35 to $312.20 a pound
  • OIL futures down $0.11 to $72.13 a barrel
  • CRB Index up 0.51 to 206.20
  • AUDUSD trading at 0.7576
  • EURUSD trading at 1.1780
  • GBPUSD trading at 1.3434
  • USDJPY trading at 110.8900

The US sold off late in the session to finish down at the lows of the day as trade fears between the US and China again capped the buying enthusiasm. The DOW was down 178.88 points or 0.72% while the SP500 was down 0.31% and the Nasdaq was down 0.21%. Trump reversed optimism on China saying that he was ‘not pleased with recent trade discussions’ which then led traders to lock in previous gains.  In Europe markets were again higher as the FTSE100 traded up to new record highs. Car makers did well after China said they would cut import tariffs while Italian bond yields fell making them more attractive to buyers which helped the positive tone in Europe.

Cryptocurrencies continued to edge lower with Bitcoin trading at $8107.5 down 3.55% while Ethereum is at $653.52 down 6.41% and Ripple at $0.65191 down 3.51%.

The USD had a quiet night to edge lower as recent buyers took a breather over concerns that the dollar is not as strong as it should be considering the fundamental backdrop of strong US growth data.  The AUD edged higher while the EUR edged lower and the GBP was relatively flat.

Gold struggled again to finish flat as traders remained mixed on risk appetite and see no need for the safe haven asset.  Copper continued to push higher while Oil was relatively unchanged to hold on to recent gains in a volatile session on continued supply concerns from Venezuela and Iran over potential sanctions.

The ASX200 is is expected to open down 5 points after the SPI200 closed down at key support as the US sold off late into the close.



AUD  MI Leading Index 10:30am

JPY  Flash Manufacturing PMI 10:30am

AUD  Construction Work Done 11:30am

EUR  French Flash Manufacturing PMI 5pm

EUR  German Flash Manufacturing PMI 5:30pm

AUD  RBA Gov Lowe Speaks 6pm

EUR  Flash Manufacturing PMI 6pm

GBP  CPI and PPI Data 6:30pm

USD  Flash Manufacturing PMI 11:45pm

USD  New Home Sales 12am

USD  Crude Oil Inventories 12:30am

USD  FOMC Meeting Minutes 4am