Day Trading 1 Dec Pre Market

Morning all
Thanks AM crew

SPI +15
XJO


Move in December here after the best November in 11 years for the ASX.
Iron ore prices have stopped limit down the last 2 session in China, which has pressured our market.

The Dow Jones industrial average briefly rose 100 points, hitting a new record intraday high, before holding about 30 points higher asGoldman Sachs and Chevron contributed the most gains. The S&P 500 traded about 0.1 percent lower, after also reaching record levels, with energy spiking about 4.8 percent to lead advancers. The Energy Select Sector SPDR Fund (XLE) also popped nearly 5.1 percent. 1

The Nasdaq composite underperformed, sliding 1 percent as the iShares Nasdaq Biotechnology ETF (IBB) fell 2.1 percent. Both the Nasdaq and S&P had traded higher earlier in the session. 1

OPEC agreed to cut production by approximately 1.2 million barrels per day, or about 4.5 percent of current production. U.S. crude futures for January delivery spiked 9.31 percent to settle at $49.21 per barrel.
"Oil is leading the way and we had some very good economic data," said Peter Cardillo, chief market economist at First Standard Financial. "The oil deal is good news and it should help stocks. The economic news is even better because it points to better growth."
"This is certainly the best present traders could have for Christmas," said Naeem Aslam, chief market analyst at Think Markets. "The cartel has shown a united front and this is what matters the most. There have been so many doubts over the year if they have the ability to deliver anything and today they have." 1

Copper + 2.5%
Nickel + 1.4%
Zinc + .8%
Aluminium + .97%
Lead + 2.85%

Gold prices ended the U.S. day session solidly lower and hit a fresh 10-month low Wednesday. A strong U.S. dollar, generally upbeat trader and investor optimism recently, and bearish technicals continue to pressure the yellow metal.
Gold $1173
HUI - 2.5%
Aud Gold $1587

AUD .7387

Have a good day

1 CNBC