Day Trading 1 Apr Pre Market

Morning all
thanks Shants et al

SPI futures are 20 points weaker this morning following a weak lead from Wall St which cant seem to work which way it bloody well wants to go at the moment. The S&P finished the first quarter to the year virtually unchanged.

To be fair however, Markets have made a stirling recovery from the worst start to a new year on record.
Angst about a troubled global economy drove a steep selloff in stocks in January, before a rebound in oil prices cleared the way for the S&P's 13-percent recovery since mid-February that has left the index up 0.8 percent for 2016.
But Thursday's trading was tepid, with S&P and the Dow Jones industrial average dipping after three days of gains, even as some fund managers snapped up stocks at the end of March and the quarter.
Data on Thursday showed U.S. jobless claims rose unexpectedly last week but remained well below the 300,000 mark, denoting a healthy labor market.
Critical U.S. non-farm payrolls data will be in sharp focus on Friday and provide investors a clearer reading on the economy.
"The job number looks like it's going to be positive on Friday, so you'll get a little uptake there," said Phil Blancato, head of Ladenburg Thalmann Asset Management in New York. 1
S&P -.2%
Nasdaq flat

Copper dropped for a fifth straight day as a cut to the outlook for China's credit rating weighed on global demand. June copper fell as much as 1.2 per cent to $US4816 a metric ton, the lowest in almost a month, and settled down 0.5 per cent at $US4847 on the LME. 2

Gold prices ended the U.S. day session moderately higher Thursday, on some bargain hunting buying interest following recent selling pressure. The precious metals are also benefiting from an eroding U.S. dollar index, which dropped to a 5.5-month low today. Even though trading in the gold market has turned choppy recently, the bulls are still maintaining the overall near-term technical advantage. June Comex gold was last at $1,232. 3
AUD Gold $1608

AUD .7661

On Today
China official March manufacturing PMI
US March payrolls, US ISM manufacturing for March, US Feb construction spending, US March auto sales,
UK manufacturing March PMI UK March house prices.


I was intrigued with the announcement by Hot Copper to list on the ASX in June. Their planned expansion into China looks very interesting. I will certainly be participating in the IPO

Have a good day

1 SMH
2 Reuters
3 *****