The Morning Jumpstart


  • SPI200 (Sep) overnight futures down 12 pts to 6678
  • SP500 down 5.41 pts to 2990.41
  • NASDAQ down 8.44 pts to 8161.79
  • Dow Jones down 43.88 pts to 26,922.12
  • FTSE100 down 50.44 pts to 7553.14
  • DAX30 down 61.37 pts to 12,568.53
  • GOLD futures US Session (August) down $20.80 to $1400.10 an ounce
  • COPPER futures US Session (Comex Sept) down $0.0190 to $2.6640 a pound
  • OIL futures US Session (Nymex Aug) up $0.17 to $57.51 a barrel
  • CRB Index up 0.30 pts to 180.78
  • AUDUSD trading at 0.6980
  • EURUSD trading at 1.1225
  • GBPUSD trading at 1.2521
  • USDJPY trading at 108.4700
  • USD Index trading at 96.835 up 0.504

US Indexes ended the session lower on Friday even after the Jobs data surprised to the upside showing an increase of 224K jobs above expectations for 160K. The better than forcast jobs data threw a spanner in the works for aggressive rate cuts in the US as traders start to adjust their risk to equities at current high levels. The DOW closed down 0.16% while the broader SP500 was down 0.18% and the Nasdaq ending down 0.10%. In Europe, major Indexes also traded in the red to give up some of the gains from the previous positive sessions.

The USD Index was higher as buyers gained some traction on the back of the jobs data out of the US. The stronger than expected number brought in the buyers to put the squeeze on the sellers into the close. The Euro continued to come under pressure as sellers remained in control as traders adjust their rate cut expectations as German Industrial orders came in a lot less than expected which accompanied warnings that this sector, in Europes largest economy, will likely remain weak in coming months. Also hurting the Euro is the slide in yield on European government bonds which as meant investors are looking elswhere for yield. The GBP also finished lower being hit by the USD strength. The AUD was knocked on the head after US jobs data and the USD rally with price falling 60 pips off the highs. The USDJPY lifted on the data with a push up through recent highs around 108.500.

Gold saw a drop from the highs as buyers locked away some gains after the better than expected jobs data may change the need for multiple rate cuts in the US and see further strength flow back into the USD. Oil lifted off the 56 zone and held a higher low around 56.50 after falling from highs a touch above 60 a barrel. Copper continues to find selling pressure as the USD rallies.

Cryptocurrencies were mixed late on Sunday evening with Bitcoin trading at $11311 down 0.59% while Ethereum was trading at $293.72 up 1.51% and Ripple was at $0.39551 up 3.76%.

The ASX200 started the session Friday a little choppy then managed to put on some gains into the close to end up 33.3 points to 6751.3. The biggest gaining sectors for the session were Eergy and Heathcare with Metals and Mining being the biggest lagger on the index. Advancing stocks outnumbered falling ones by 711 to 472 and 346 ended unchanged.

The ASX200 is expected to open down 5/10 points as the SPI200 fell away from the day sessions highs during the US session Friday.


JPY Bank Lending and Current Account 9:50am

JPY BOJ Gov Kuroda Speaks 10:30am

AUD ANZ Job Adverts 11:30am

EUR German Industrial Production and Trade Balance 4pm