Da Trading 13 Dec Pre Market

Morning all
Thanks AM crew

SPI -22
XJO 5563 +8

Stocks traded mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal Reserve meeting.
The Dow Jones industrial average gained about 10 points, hitting a new record high, with Johnson & Johnson contributing the most gains. The S&P 500 fell 0.3 percent, after briefly hitting an all-time high, with a 1 percent decline in consumer discretionary offsetting gains in telecommunications. The Nasdaq composite underperformed, falling 0.7 percent.
The Fed's policymaking committee is set to begin a two-day meeting on Tuesday, where the U.S. central bank is largely expected to raise interest rates by 25 basis points. According to the CME Group's FedWatch tool, market expectations for a rate hike this week are above 95 percent. 1
The S&P 500 fell 4 points, or 0.22 percent, to 2,254, with consumer discretionary leading five sectors lower and telecommunications leading advancers.
The Nasdaq composite dropped 39 points, or 0.73 percent, to 5,404

Investors also kept an eye on oil prices, as West Texas Intermediate futures for January delivery gained 2.58 percent to settle at $52.83 per barrel, their best settle since 2015.
"Oil will be a cushion for the market, but ... yields are spiking up and you have others that are going to keep investors cautious," said Peter Cardillo, chief market economist at First Standard Financial. "I think the market has baked in a [Fed rate hike] but not a more hawkish Fed."
After nearly a year of wrangling, the Organization of the Petroleum Exporting Countries agreed on Nov. 30 to cut output by 1.2 million barrels per day for six months from Jan. 1, with top exporter Saudi Arabia cutting around 486,000 barrels per day to curb the oversupply that has dogged markets for two years.
On Saturday, producers from outside OPEC, led by Russia, agreed to reduce output by 558,000 barrels per day, short of the target of 600,000 barrels per day but still the largest contribution by non-OPEC ever.
"Although Oil prices have staged an impressive rebound, concerns still linger towards the compliance side of the cut deal with anxieties rising over OPEC and Non-OPEC members cheating," Lukman Otunuga, research analyst at FXTM, said in a note. 2

Copper - 1.9%
Zinc + .83%
Nickel - 1.2%
Aluminium - .8%

Gold $1163
HUI + 1.3%
AUD Gold $1550

AUD .7491

Have a good day
Make a killing

1 & 2 CNBC