Day Trading 24 Apr Pre Market

Morning All
Thanks weekend crew

SPI -



The euro surged higher after early counting of ballots in the first round of the French election showed that centrist Emmanuel Macron and the National Front's Marine Le Pen were on course to reach next month's run-off.
The currency was 2 per cent higher at $US1.0929 as trading this week began shortly after 8pm in London (5am AEST). The shared currency closed at $US1.0728 on Friday in New York.
"This is the perfect scenario the market was desperately looking for," Sebastien Galy, a macro strategist at Deutsche Bank in New York, said ahead of the start of trading.
Expectations are that the currency could test the $US1.10 mark, but that optimism could prove temporary as Le Pen "is the threat" and she'll remain so "until she is knocked out", said ThinkMarkets UK strategist Naeem Aslam.
1

U.S. stocks closed lower in choppy trade Friday as investors looked ahead to the French election. Wall Street also digested falling oil prices and comments from the Trump administration on tax reform.
The Dow Jones industrial average fell about 30 points with IBM contributing the most losses.
The S&P 500 declined 0.3 percent, with telecommunications falling more than 1 percent to lead decliners.
2

Oil prices tumbled more than 2 percent on Friday, marking the biggest weekly drop in a month, on renewed concerns that increasing U.S. production and high inventories will thwart OPEC's attempts to reduce the global crude glut.

U.S. crude futures fell below $50 a barrel for the first time in two weeks, with volumes picking up in an active session that by late afternoon showed more than 560,000 front-month contracts changing hands, more than the daily average.
U.S. crude futures, which rolled over on Friday, settled at $49.62 a barrel, down $1.09, or 2.2 percent. For the week, it was down 6.7 percent, its steepest drop since the week of March 10.
3

Gold $1289

Have a good day

1 SMH
2,3 CNBC