Day Trading 29 Feb Pre Market

Morning all
Thanks weekend crew great threads

SPI futures are up 7 points at 4860

The Standard & Poor's 500 Index trimmed a second weekly increase, after the benchmark fluctuated throughout Friday.
Investors hoping that U.S. stocks will build on a strong two-week run will look to a host of data next week, highlighted by the monthly jobs report, for signs the economy is improving. With a lackluster earnings season winding down, it will take some solid macroeconomic data to keep the momentum going on Wall Street.
The benchmark S&P 500 index .SPX has rallied roughly 5 percent in the past fortnight, its best two-week run in a year, and is up about 4 percent from its Feb. 11 low.
Those gains have come as recent data has diminished investor concerns over a recession and with oil prices showing signs of stabilizing around $30 a barrel.
"If you go back a couple weeks, it was really the positive retail sales report that kind of got us out of the funk," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.
"Now that earnings reports are behind us, the economic data will take center stage."
Nonfarm payrolls for February cap off the week on Friday and are expected to increase by 193,000 jobs, and the unemployment rate is forecast to hold at 4.9 percent. January's report showed job gains slowed more than expected, although rising wages and the low unemployment rate indicated the labor market remains firm.
On Wall St, Dow -0.3%, S&P 500 -0.2%, Nasdaq +0.2%
In Europe, Stoxx 50 +1.8%, FTSE +1.4%, CAC +1.6%, DAX +2%

Oil capped the biggest weekly gain since August, as Russia said talks with Iran are continuing before a planned producer meeting next month on a proposed output freeze amid a global glut.
Gold posted a consecutive weekly drop for the first time this year. Gold futures for April delivery slid 1.5 per cent to settle at $US1220.40 an ounce on the Comex in New York. 2

AUD at 71.31 US cents

In London, BHP +3.8%, Rio +3%. 2

On today
Local data: TD-MI Inflation Feb (10.30am), HIA New Home Sales Jan (11am), Business Indicators Q4 (11:30am) Company Profits exp -1.0% prev 1.3%, Inventories exp -0.5% prev 0.1%, Private Sector Credit Jan (11.30am)
Local earnings: Boart Longyear, Cash Converters, LNG, Pac Mining, Panterra Gold, Regis Healthcare, Slater & Gordon, Yancoal. 2

Have a good day

1 reuters
2 SMH