Morning all
Thanks AM crew
Markets have jumped the gun ahead of the official Brexit result, betting the UK will remain in the EU, much to the chagrin of the French.
SPI futures are 62 points firmer going into the opening. An official reult could be expected later this afternoon towards the close of trade.
In the US financial stocks led the markets higher, the S&P 500, perhaps significantly, pushed through and closed above the 2100 barrier. It was up 1.3% for the session nearing a record high, the Nasdaq up 1.6%.
Also significant, the Volatility index VIX fell 18.5 percent, its largest daily percentage decline since October 2013.
The British pound rallied against the U.S. dollar GBP=, brushing $1.50 to hit its highest since late December. It was recently up 1.22 percent at $1.4882.
"People are expecting that Britain is going to vote to stay in the EU based on what's happening here, particularly with the fact that financials are leading," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois. 1
Crude jumped back through $50 to $50.13 +$1.00
Copper +1.7%, Aluminium + .5%
Gold prices ended the U.S. day session moderately lower and hit a two-week low Thursday. Risk appetite in the marketplace is on the upswing this week, which has been bearish for safe-haven gold. The highly anticipated Brexit vote is taking place today, with most believing the U.K. will stay in the European Union. 2
Gold $1256
HUI -1.3%
AUD Gold $1645
AUD .7637
Have a good day
1 Reuters
2 *****
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- Day Trading 24 June Pre Market
Morning all Thanks AM crew Markets have jumped the gun ahead of...
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