The Morning Jumpstart


  • SPI200 overnight futures up 40 pts to 6035
  • SP500 up 34.15 pts to 2724.01
  • NASDAQ up 65.86 pts to 7462.45
  • FTSE100 up 56.93 pts to 7689.57
  • DAX30 up 117.25 pts to 12783.76
  • GOLD futures up $2.00 to $1306.10 an ounce
  • COPPER futures up $0.95 to $307.20 a pound
  • OIL futures up $1.51 to $68.24 a barrel
  • CRB Index up 1.48 pts to 203.29
  • AUDUSD trading at 0.7577
  • EURUSD trading at 1.1669
  • GBPUSD trading at 1.3288
  • USDJPY trading at 108.8900

The US reversed the previous sessions gains to finish stronger as Italian political concerns eased. The DOW recovered 306.33 points or 1.26% while the SP500 was up 1.27% and the Nasdaq was up 0.89% at the close. Traders digested the possibility of a new Italian election as early as July but sources said parties would try again to form a coalition government. Energy stocks were buoyed by a lift in Crude Oil. In Europe shares market Indexes were lifted by a bounce in Italian stocks from the previous sessions sharp selloff. Traders will be focused on a solution to the Italian political crisis as it is seen as a de facto referendum for membership on the EU.

Cryptocurrencies gave up previous gains to push lower with Bitcoin currently trading at $7356 down 2.01% and Ethereum at $549.95 down 3.38% and Ripple at $0.58276 down 3.58%.

The USD reversed previous gains to relieve pressure on major currency pairs. The GBP, EUR and AUD all rebounded to close higher at the end of the session after traders digested the panic selling of yesterday.

Commodities again moved thanks to the USD as a relief rally supported Gold to push prices slightly higher into the close.  Copper also gained on the back of the dollar while Oil had a strong night ahead of US inventories release tonight.

Locally, banks will pay 300,000 wronged customers millions over ‘fee for no service’ scandal. ASIC told the senate that clients had been charged for services never rendered across the big four banks and AMP which amounted to $220 Million in remuneration and its expected to grow significantly as some entities are still under review.

The ASX200 is expected to open up 40 points as the SPI200 continued on from the days strength through the European and US sessions.



CNY  Manufacturing and Non-Manufacturing PMI 11am

NZD  ANZ Business Confidence 11am

AUD  Private Capital Expenditure and Private Sector Credit 11:30am

EUR  Italian Monthly Unemployment Rate 6pm

GBP  Net Lending to Individuals, M4 Money Supply and Mortgage Approvals 6:30pm

EUR  CPI Flash data and Unemployment Rate 7pm

USD  Chicago PMI 11:45pm

USD  Pending Home Sales 12am

USD  Crude Oil Inventories 1am

USD  FOMC Member Bostic Speaks 2:45am

USD  FOMC Member Brianard Speaks 3am