Day trading pre-market open March 17

Morning traders. Thanks loungers, especially @Ravgnome and @Patterns.

OVERNIGHT ROUND-UP:

Outlook for the day: Positive. Tepid relief rally constrained by overseas falls in mining heavyweights.

ASX futures: up 28 points or 0.4%

Key overnight themes:

• US stocks rebound on reports major lenders will band together to help stem a rolling banking crisis. Eleven banks reportedly willing to provide up to US$30 billion to floundering First Republic Bank to reduce the risk of a third bank failure. US regulators praise the announcement.
• European stocks rebound after Swiss central bank loans Credit Suisse US$50 billion to pay down debt.
• European Central Bank hikes by 50 bps, showing banking turmoil will not divert central banks from raising rates.
• Cyclicals and growth stocks lead the US rally. Defensives trail.

S&P 500: up 68 points or 1.76%

Dow: up 372 points or 1.17%

Nasdaq: up 283 points or 2.48%

Dollar: up 0.58% to 66.56 US cents

Iron ore: down 2.8% to US$130.75

Brent crude: up US$1.01 or 1.4% from a 15-month low to US$74.70

Gold: down US$8.30 or 0.4% from a 6-week high to US$1,923

NYSE Arca Gold Bugs: down 0.75%

Copper (LME): up 0.34% to US$8,533

Global X Lithium & Battery Tech ETF: up 1.4% from 2-month low

BHP: down 1.01% (US); down 1.38% (UK)

Rio Tinto: down 1.76% (US); down 0.99% (UK)