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23/05/16

08:56

Post #: 17837924
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Originally posted by speckledjim1 ↑

Morning All
The weekend is over

Futures are slightly firmer this morning following some decent games in the US Friday, particularly the Nasdaq.
SPI 3 Points higher at 5360

Nasdaq was 1.2% higher, with Apple and semiconductors including Intel higher
Generally anxiety of higher interest rates waned, with Walmart posting some decent numbers in the wake of dire consumer results recently.
Deere & Co, the world's biggest agricultural equipment manufacturer, cut its earnings outlook on lower commodity prices hurt farmers' income and a glut of unsold machinery continues to pile up at dealerships.
"Eventually, markets will realise that the world is not falling apart," said Ben Kumar, an investment manager at Seven Investment Management LLP in London. "The Fed's message for global growth is quite positive. We saw Wal-Mart's decent results, which suggest that US consumers are still turning up at stores. There is always something to panic about, but underneath, things are kind of OK." 1
S&P + .6%

Crude oil declined 41 US cents to settle at $US47.75 , a weekly advance of about 3.3 per cent

Iron ore +2.7pc at $US54.89

Gold $1251
HUI flat
AUD Gold $1733

AUD .7222

Have a good day

1 SMH

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