Positive sentiment overnight sees SPI futures 24 points higher this morning, following yesterdays 1.8% gain.
Receding fears of a Brexit saw European markets surge 3% and more.
S&P 500 closed .6% firmer, the Nasdaq .8%, although these gains were about half of the days highs on a late selloff.
The market is positioning for a 'remain' vote, so you see the fear and uncertainty trade unwinding right now," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
She said, however, that the reverse trade could be triggered by any sign the Brexit - or British exit from the EU - camp is gaining momentum.
The S&P 500 once more hit technical resistance at 2,100, a level that has seen clusters of sellers in the recent past. Despite the afternoon slide, all but one of the 10 industry groups of the S&P 500 ended in positive territory. 1
Brent crude futures' front-month contract, August, settled up $1.48, or 3 percent, at $50.65 a barrel. Brent has risen around 7 percent since Thursday's settlement, after falling 10 percent in six previous sessions.
Base metals rose copper + 1.6%, zinc 1.5%, nickel 2%
Gold prices ended the U.S. day session moderately lower Monday, as investor risk appetite has up-ticked to start the trading week. Some profit taking from recent gains also weighed on the safe-haven metal. Last week gold prices hit a two-year high.
Gold $1290
HUI -.2%
AUD Gold $1729
