Day Trading 30 Dec Pre Market

Morning All

Thank you Trees, Rav et al

The ASX looks set to continue its' migration north this morning following on from solid gains in overnight markets. Adding to yesterday's 1.3% rise, March SPI futures are 26 points higher at 5275

European stock markets rose on Tuesday, helped by gains in the banking sector, although weaker mining share prices held back the British market.
The euro zone's blue-chip Euro STOXX 50 index advanced 1.8 percent.
Britain's blue-chip FTSE 100 index was up 1 percent at its close, underperforming bigger gains of 1.9 percent on Germany's DAX and 1.8 percent on France's CAC.
The London market's relative underperformance was due to a fall in mining stocks, which account for around 5 percent of the FTSE's overall market capitalisation.
The mining sector lost ground on Tuesday as the price of copper touched its lowest in more than a week and aluminium fell on concerns about demand from China, which is the world's biggest consumer of metals.

In the US strength in technology stocks, led by Amazon and Apple, and a recovering oil price helped the S&P 500 to healthy gains. Financial and healthcare stocks were also strong.
Following a recent selloff over concerns about potentially weak iPhone sales, Apple jumped 2.3 percent and was the biggest influence on the S&P and Nasdaq.
Amazon climbed 2.8 percent and hit a life high of $694.95. The online retailer recorded more than 3 million new Prime memberships in the third week of December, indicating strong holiday demand.
"Tech stocks, and some healthcare stocks, can deliver top-line growth in a situation where a lot of other companies have to generate earnings through cost-cutting or share buybacks. What you’re seeing there is a bid for growth," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
Data on Tuesday indicated consumer sentiment was improving, with the Conference Board's index of consumer confidence for December up at 96.5, beating the 93.8 expected.
S&P +1%
Nasdaq + 1.3%

Oil jumped more than $1 a barrel on Tuesday as colder weather prompted buying a day after prices slid 3 percent, but slowing global demand and abundant supplies from OPEC members will continue to pressure the market, traders said.
Global oil benchmark Brent and U.S. crude's West Texas Intermediate (WTI) futures rose about 3 percent or more, after weather forecasts showed the United States may get some cold winter temperatures following an unusually balmy autumn.
Expectations of a drawdown last week in U.S. crude inventories also fed the rally.
But on a global level, traders and analysts said the global oil glut would persist into 2016.
"Fundamentals remain very bearish," said ING Bank analyst Hamza Khan, noting that Tuesday's rebound came amid low trading volumes.

Oil $37.83 +$1.02

Gold futures were steady Tuesday with light year-end squaring of positions but traders not rushing to establish new ones.
“I don’t see a lot of activity or life in gold heading into the end of the year,” said Bob Haberkorn, senior commodities broker with RJO Futures.
The Federal Open Market Committee’s language after a mid-December rate hike was construed as dovish, Haberkorn said. Nevertheless, traders expect a few more hikes next year, which is holding back the yellow metal, he continued.
“It’s hard to sustain a rally right now,” Haberkorn said.
HUI +.5%
AUD Gold $1463

Have a Good Day
Milk it for all its' got

Ruters, SMH, *****

AUD .7300