Day Trading 15 Feb! Pre Market

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    Morning all
    Thanks to the weekend thread

    The ASX is set to open strongly today after a late rebound in US markets, led by financial, energy and materials stocks.
    SPI futures are 87 point higher at 4785

    European shares rebounded on Friday as Deutsche Bank and Commerzbank rallied, helping to stage a partial recovery from the stinging losses earlier in the week.
    The pan-European FTSEurofirst 300 index ended 3 percent higher, rising back up off its lowest level in more than two years.
    Fears about how well European banks can cope with slow growth and low interest rates had pushed European banking shares to multi-year lows this week.
    But Deutsche Bank surged 11.8 percent on Friday after saying it would buy back more than $5 billion in senior debt, easing concerns about its bonds. Its rival Commerzbank also reported a return to profit in the fourth quarter, and Commerzbank shares jumped 18 percent.
    STOXX +2.9%
    DAX +2.3%
    FTSE + 3%

    U.S. equities closed sharply higher on Friday as European and American bank stocks — as well as oil prices — bounced sharply, while investors digested U.S. economic data.
    "I think people are finally seeing lots of things worth buying," said Adrian Day, chairman and CEO of Adrian Day Asset Management.
    The Dow Jones industrial average gained more than 300 points, with Goldman Sachs and JPMorgan Chase leading the charge snapping a five-day losing streak.
    JPMorgan's stock gained 8.3 percent on Friday after CEO Jamie Dimon bought over $25 million worth of the company's stock.
    Dow Jones industrial average +2 percent, at 15,973.84
    S&P 500 +1.95 percent, at 1,864.78,
    The Nasdaq +1.66 percent, at 4,337.51.

    Crude oil surged the most in seven years, rebounding from the lowest in more than a decade. Crude capped a second weekly drop on speculation a global surplus will persist amid near-record US stockpiles and the potential for increased Iranian exports.
    WTI settled 4.5 percent lower on Thursday, but began paring most of those losses after a report surfaced that OPEC was ready to cooperate with a production cut.
    "We hit a new low and tons of short covering came into the market. That UAE headline was well timed," said John Kilduff, founding partner of Again Capital. "They arguably held the bottom. from a technical perspective on a short-term basis."
    Oil $29.02 +12%***

    April Comex gold futures ended their fourth consecutive week in positive territory, settling Friday’s session at $1,239.40 an ounce.
    HUI 163 +4
    AUD Gold $1740

    AUD .7112

    Today
    China January trade data, ,
    Japan 4th-Qtr GDP and industrial output
    US markets closed for the Presidents' Day holiday. Earnings: Telecom Italia.

    Local earnings: Amcor, Aurizon, Bendigo Bank Newcrest.
    Have a good day

    Reuters
    SMH
    CNBC
    *****
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