Day Trading 5 July Pre Market

Morning all
Thanks AM crew

Futures are 13 points lower this morning on weaker leads from Europe. US markets were closed

The post-Brexit recovery across European markets sputtered to a halt on Monday with major equity indices lower and safe-haven demand for precious metals helping the price of silver surge to near a two-year high.
The Stoxx 600 fell 0.7 percent and the FTSE fell 0.9 percent dragged lower by weaker financials and homebuilders' shares.
Earlier in the day, the Australian dollar recovered from wobbly start caused by political uncertainty post-election while Asian shares and base metal prices rose, partly on expectations economic stimulus from China.
JPMorgan strategists warned investors against chasing the rally in risky assets.
"We do not believe that we will see a sustained upmove. Positioning is not washed out, market internals are not positive and political uncertainty will linger," they wrote in a note.
Caution is likely to persist through the week with the Bank England scheduled to publish its quarterly financial stability report on Tuesday, the June U.S. Federal Reserve meeting minutes due on Wednesday and U.S. jobs data on Friday.
There is renewed concern over the health of Italian banks, the Italian bank index falling over 3.5%. 1
Stoxx 50 -0.7%,
FTSE -0.8%,
DAX -0.7%


Iron ore +3.5% to $US56.22

Gold $1350
AUD Gold $1791
Silver hit a 2 year high before pulling back

AUD .7538

Have a good day

1 Reuters