The Morning Jumpstart


  • SPI200 overnight futures up 19 pts to 6240
  • SP500 down 4.84 pts to 2856.98
  • NASDAQ down 10.64 pts to 7878.46
  • FTSE100 down 11.02 pts to 7563.22
  • DAX30 down 20.12 pts to 12365.58
  • GOLD futures (Dec) down $11.50 to $1191.80 an ounce
  • COPPER futures (Comex Sep) down $0.029 to $2.644 a pound
  • OIL futures (Nymex Oct) up $0.02 to $67.88 a barrel
  • CRB Index down 0.62 pts to 190.50
  • AUDUSD trading at 0.7247
  • EURUSD trading at 1.1543
  • GBPUSD trading at 1.2816
  • USDJPY trading at 111.3000


Companies of interest reporting today on the ASXAPO, AHG, BXB, CGC, EHG, MYX, MPL, REG, SGM, SKT, SGR and TGR.

The US ended lower across the board as again traders were torn between tariffs and strong economic growth. The DOW closed down 76.62 points or 0.30% with the SP500 down 0.17% and the Nasdaq also closed down 0.13%. Traders are awaiting a speech from US Fed Reserve Chair Powell for further news on interest rate hikes while also awaiting anything from US/China trade negotiations. Tariffs of $16 Billion kicked in overnight which capped buyers enthusiasm. In Europe shares were slightly lower in a relatively quiet market with no surprise news headwinds for traders to contend with. Britain is still facing Brexit without a trade deal which will see a lot of red tape for countries trading with the EU.

Trump political fallout continues weighing on markets with Trump warning that any impeachment will send markets lower.

The USD dollar rallied being dragged higher by positive data release that supported the Feds argument for further rate rises this year. The EUR, GBP and AUD were all lower on USD strength while the Aussie continues to face selling from political pressure and the Pound faces selling from Brexit pressure.

Gold saw another bought of selling as the USD rallied to squeeze the recent buyers of the precious metal. Copper turned negative again as the US continues to go head to head with the worlds biggest copper consumer as China account for nearly half of the global supply consumption. Oil managed to claw back earlier losses although gains were capped as traders are cautious to hold risk as they await news on the tariff negotiations.

Cryptocurrencies see a green finish across the board as Bitcoin trades at $6471.5 up 2.13% and Ethereum trades at $275.28 up 2.18% and Ripple at $0.32195 up 1.83%.

Locally, there were some good moves up to be had but the banks were not any of them. Banks were a major drag on the index with financials down 1.24% which managed to take the Aussie dollar lower with them. The ASX200 finished down 21.6 points or 0.34% as political troubles continue with traders left wondering who may be left in Australia’s driving seat. Declining stocks outnumbered rising ones by 635 to 614 and 350 ended unchanged.

The ASX200 is expected to open up 20 points as the SPI200 rallied off the days lows overnight. The ASX200 may still continue to be pressured by political concerns so the open may again be contained.



NZD  Trade Balance 8:45am

EUR  German Final GDP 4pm

GBP  High Street Lending 6:30pm

USD  Core Durable Goods Orders 10:30pm

USD  Fed Chair Powell Speaks 12am