Day Trading 12 July Pre Market

Morning all
Thanks AM crew

SPI futures are 34 points higher today after a record breaking night on Wall Street.
API +34 @5335

US markets overnight overcame the worst yearly start in history to close at record highs.
The new record could point the way to an improved second half, if corporate earnings improve, analysts said.
The index closed at a record 2,137.16 on Monday. During the session, it rose as high as 2,143.16, surpassing the May 20, 2015 intraday high of 2,134.72.
To the surprise of many, the latest all-time high has come more than a year after U.S. stock prices peaked and after the market has withstood several consecutive quarters of contracting U.S. corporate earnings and global market volatility.
Declining earnings, stagnant overseas economic growth, a plunge in oil prices, negative interest rates in some countries, the threat of interest rate increases from the U.S. Federal Reserve and a recent spate of panic selling following Britain's vote to withdraw from the European Union have all undermined the bull market in the past year. 1
The question now is whether the market can advance notably beyond this point.
"It bodes well for the second half. In general when the market can make new highs and ... (as) earnings are going to start to improve, the combination is going to give investors more confidence about more equity exposure in the second half," said Thomas Lee, managing partner at Fundstrat Global Advisors in New York.
"I think there's still plenty of room for the market to gain," said Lee, who has a 2,325 year-end target on the S&P 500. 1

Stoxx 50 +1.7%, FTSE, +1.4%, CAC +1.8%, DAX +2.1%

Spot gold -0.9% to $US1354
HUI +.2%
AUD Gold $1798

AUD .7533

Brent crude -1.3% to $US46.17

Have a good day

1 reuters