The Morning Jumpstart


  • SPI200 (Mar) overnight futures up 18 pts to 6189
  • SP500 up 18.96 pts to 2834.40
  • NASDAQ up 60.16 pts to 7729.32
  • Dow Jones up 211.22 pts to 25,928.68
  • FTSE100 up 44.86 pts to 7279.19
  • DAX30 up 97.88 pts to 11,526.04
  • GOLD futures US Session (June) up $3.20 to $1298.50 an ounce
  • COPPER futures US Session (Comex May) up $0.0590 to $2.9320 a pound
  • OIL futures US Session (Nymex May) up $0.84 to $60.14 a barrel
  • CRB Index up 0.42 points to 183.75
  • AUDUSD trading at 0.7096
  • EURUSD trading at 1.1218
  • GBPUSD trading at 1.3035
  • USDJPY trading at 110.8600

The US closed the week Friday on a positive note as the bulls came back into the market. Traders around the world were buoyed by news of progress on trade talks between the US and China. The improved sentiment helped to support US Bond yields as safe haven demand eased. The DOW closed up 0.82% while the broader SP500 was up 0.67% and the Nasdaq closed up 0.78%. European stocks ended the session higher as traders put risk on into shares after trade news and after data showed that the European labour market is better than expected with gains in personal income and spending helping retailers.

The USD edged higher even after comments from Trump’s top economic adviser who said that the White House would like the Federal Reserve to reverse some of its recent rate hikes and stop shrinking its balance sheet to protect the U.S. economy from weakness overseas. The EUR eased as sellers continued to put pressure on the currency pair while the GBP was hit lower after news that lawmakers rejected Prime Minister May’s Brexit deal for the third time. The AUD managed to rally on trade news and it has opened stronger today after China’s positive data release on Factory activity over the weekend. The USDJPY continued to find support from the USD as recession news takes a back seat to trade news and the safe haven YEN eases.

Gold made back some of the previous sessions losses as the USD hovered in positive territory. Oil rallied as US sanctions against Iran and Venezuela along with OPEC supply cuts overshadowed weakening demand from a slowing global economy. Copper benefited from a positive Dollar and trade talk news as the commodity put in a strong rally Friday.

Cryptocurrencies had a good few days as they trade higher from Friday morning. Bitcoin is currently trading at $4105.3 up from $4027.4 while Ethereum is at $141.65 from $138.03 and Ripple is trading at $0.30951 from $0.30719 Friday.

The ASX200 opened up strong in a bit of end of month window dressing but could not hold onto the gains into the close Friday. The index ended up only 4.6 points to 6180.7. Gold stocks came under fire Friday but may find some buying support as Gold finished up Friday night. Supporting the markets Friday were the IT, Healthcare and Telecoms sectors. Rising stocks outnumbered declining ones by 610 to 508 and 392 ended unchanged.

The ASX200 is expected to open up 20 points after a positive end to the week for the US market, lifted the SPI200. Over the weekend, China reported that Factory activity unexpectedly grew for the first time in four months in March which should help support the ASX200.



JPY Tankan Manufacturing and Non-Manufacturing Index 10:50am

AUD MI Inflation Gauge 11am

AUD NAB Business Confidence 11:30am

CNY Caixin Manufacturing PMI 12:45pm

AUD HIA New Home Sales Tentative

EUR German Final Manufacturing PMI 6:55pm

EUR Final Manufacturing PMI 7pm

GBP Manufacturing PMI 7:30pm

EUR CPI Flash Estimate and Unemployment Rate 8pm

USD Retail Sales Data 11:30pm

USD ISM Manufacturing PMI 1am

CAD BOC Gov Poloz Speaks 5:55am