Morning all Thanks Trees et al Futures are 29 points lower this...

Morning all
Thanks Trees et al

Futures are 29 points lower this morning after US markets sold off on expectation of a June interest rate hike after comments made by a Fed member.

Losses in US stocks accelerated into the afternoon on selling across industries from food companies to utilities, after data on inflation and housing bolstered speculation the Federal Reserve will lift interest rates this year.
Consumer-staples companies plunged, with Kraft Heinz headed for its steepest decline in six months. Utility shares also sank as rising Treasury yields made their dividends less attractive. After disappointing results from several department store chains, Home Depot Inc. slumped today following comments by executives that same-store sales gains shrank as the first quarter progressed.
Energy producers and transportation stocks were the only two industries to hang onto gains in the S&P 500. 1
S&P - 1%
Nasdaq -1.3%

Oil $48.59 +.59c

Nickel +1%

Gold prices ended the U.S. day session slightly higher Tuesday, lifted in part by a sell-off in the U.S. stock market. The key outside markets were also in bullish postures for the precious metals markets—a weaker U.S. dollar index and firmer crude oil prices. Gains in gold were limited by a batch of U.S. economic reports that were just a bit “hawkish.” Gold at $1,279.
HUI + 1.3%
AUD Gold $1745

AUD .7327

Have a good day

1 SMH
2 *****