Day Trading 2 Aug Pre Market

Morning all
Thanks Trees, Shants, Rav

SPI: -27 @ 5519

ASX Yesterday: +25 @ 5587

Lower oil prices continued to weigh on US markets, but stronger prices in Apple and Alphabet helped the Nasdaq higher
The S&P 500 hit a record high earlier in the session, but was unable to hold gains as U.S. crude slumped to below $40 a barrel, its lowest level since April, before settling at $40.06.
"Oil has once again re-emerged as a real driver of how investors are gauging the trend for equities," said Peter Kenny, senior market strategist at Global Markets Advisory Group in New York.
"Now we are beginning to see the glut narrative have an impact on oil and have an impact on equities."
Earnings are now expected to decline 3 percent for the second quarter, according to Thomson Reuters data, an improvement from the 4.5 percent decline expected on July 1.
Exxon and Chevron were down 3.1 percent and 3.3 percent, respectively, as the biggest drags on both the Dow and the S&P 500. The S&P energy sector lost 3.3 percent.
The Nasdaq closed at its highest level since July 21, 2015.
Apple Inc rose 1.8 percent, providing the biggest boost to the three main indexes. Apple has gained more than 9 percent since reporting results last week. Google parent Alphabet Inc was up 1.2 percent at $800.94.
Data on Monday, however, showed U.S. manufacturing activity slowed in July as orders fell broadly and construction spending dropped in June, following up a tepid reading on U.S. second-quarter gross domestic product on Friday. 1
FTSE: -.48%
DAX: Flat
S&P: -.2%
Nasdaq: +.4%

Oil dropped below $US40 a barrel in New York for first time since April on concern that the global supply glut will expand. Futures extended their rout after tumbling 14 per cent in July.
Drillers in the US boosted the number of rigs seeking oil for for a fifth week, the longest run of gains since last August, according to data from Baker Hughes.
US crude and gasoline supplies are at the highest seasonal level in at least two decades. 2


Oil: $40.08

Iron Ore: +4.9% @ $62.27
Copper: -1.1%
Nickel: +1%
Zinc: +1%
Aluminium: -.5%

Gold prices ended the U.S. day session modestly higher Monday and closed at a three-week high close. There was decent follow-through buying from Friday’s good gains that scored a bullish weekly high close. 3
Gold: $1352
GDX: +1.1%
HUI +1.7%
AUD Gold:$1795

AUD: .7533

On Today:
RBA rates decision @1430, ABS Building approvals


Have a good day

Sources:
1 Reuters
2 SMH
3 *****