Day Trading 4 Apr Pre Market

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    Morning all
    Thanks weekend crew

    Local markets are set for a stronger open this morning after a stronger than expected new jobs number in the States underpinned advances there.
    SPI futures are 23 points higher at 4999

    Wall Street rose on Friday on better-than-expected US jobs and factory survey data. Nonfarm payrolls increased by 215,000, although the unemployment rate rose to 5.0 per cent from an eight-year low of 4.9 per cent, as more people continued to seek work, a sign of confidence in the jobs market.
    The S&P ended up 1.8 per cent for the week. US stocks have now recovered all of the losses sustained by markets in the first five weeks of the year.
    Shares of Tesla Motors surged to their highest in six months in New York on Friday after the electric car maker said orders for its new Model 3 sedan, its first car aimed at the mass market, had sped near 200,000 in the first 24 hours. 1

    Investors could get a dose of clarity next week on where the Fed stands on its path toward rate hikes.
    Minutes of the Fed's March meeting will be released on Wednesday, giving investors a chance to comb through the summary for tips on when rate increases will hit.
    If traders believe that less vocal policymakers will support Fed Chair Janet Yellen's expressed go-slow approach to raising interest rates, they may bid up stocks further.
    Most Wall Street Fed watchers expect an interest rate hike in June.
    "If it comes out more dovish, you've got to suspect that the equity markets would really like it," said Jeff Weniger, senior strategist at BMO Private Bank. Should the minutes show real caution by other Fed policymakers, energy, gold, emerging markets and materials could benefit the most, Weniger said. 2
    S&P +.65%
    Nasdaq+.9%

    Brent crude settled down $US1.68, or 4.1 per cent, at $US39.09 on Friday
    Iron ore up 2% $US54.80 per tonne

    Zinc rose 3 per cent to finish at $US1872 a tonne. "The size of our forecast refined deficits for 2016 and 2017 require a cataclysmic global economic event just to balance the market ... and will provide the foundations for zinc to reach record high prices in the next 24 months," analyst Leon Westgate at ICBC Standard Bank said. 1

    Gold $1221
    HUI +1%
    AUD Gold $1593

    AUD .7669

    Have a good day

    1 SMh
    2 Reuters
    3 *****
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