Day Trading 12 Sept Pre Market

Morning all

SPI: -79 @ 5246
XJO Yesterday: - 47 @ 5339

World and local markets have been awoken from their recent rangebound slumber after a Fed official rekindled speculation for an interest rate hike on Friday.
US markets plummeted in response, the S&P 500 and Nasdaq both sinking around 2.5%.
This comes after the European Central Bank downplayed the need for more stimulus and German 10-year bond yields rose above zero for the first time since July.
To add more fuel to rate rise speculation, US Fed governor Lael Brainard will speak tonight and – given the recent disappointing manufacturing, payrolls and non-manufacturing data results over the last few weeks – many expect her to stick to her dovish tone. The market is currently pricing in a 30 per cent chance of a US rate hike in September and a 73 per cent chance in December. 1

Oil prices fell 4 percent on Friday, paring most of the previous session's rise as traders noted that a tropical storm was behind this week's unexpected slump in U.S. crude inventories.
The market ended up around 3 percent, its first gain in three weeks. Traders cited hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied markets.
Brent crude settled down $1.98 at $48.01 a barrel after rising above $50 for the first time in two weeks on Thursday. U.S. crude was down $1.74 at $45.88.  2

Copper: - .66%
Nickel: + .25%
Zinc: - 1%
Aluminium: -.8%

Gold: $1327 - .85%
HUI: - 5.8%
AUD Gold: $1760

AUD: .7541

Have a good day

Sources:
1 SMH
2 CNBC