Morning all
Thanks AM crew
SPI -9 @ 5694
The ASX faces a quiet say with no lead from the Divided States overnight with their markets closed for a day as they steel themselves for four years of Trump.
Yesterday climbing iron ore futures lit a fire underneath mining stocks on Monday, which, combined with solid buying in the banks, saw the local sharemarket defy the regional trend to climb steadily higher.
Investors took their positive cue from the United States, which has just kicked off its earnings season with some strong profit growth in major banks.
The benchmark S&P/ASX200 Index and the broader All Ordinaries Index each rose 0.4 per cent to 5748 points and 5803 points respectively.
However, investors failed to push the benchmark index above 5750, suggesting minds were looking ahead to a big week of political news, such as Theresa May's impending Brexit speech on Tuesday and Donald Trump's inauguration on Friday. 1
Overnight European stocks closed weaker on Brexit concerns.
Oil $52.64 + .27c
Copper - .73%
Nickel - 3%
Zinc - 1.4%
Aluminium - .96%
Gold $ 1202
Have a good day
1 SMH
Day Trading 17 Jan Pre Market
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