Morning All
Kick off to another week imminent
SPI+ 35 @ 5384
Local shares look set to begin the week on a healthy note after U.S. equities closed higher on Friday, with the three major indexes posting weekly gains after a disappointing employment report.
The S&P 500 rose about 0.4 percent, with utilities leading advancers. The Nasdaq gained 0.4 percent. The three indexes also posted weekly gains of about 0.5 percent.
"We had a jobs report slightly below expectations, but that was after two months of higher-than-expected jobs growth," said Jeffrey Kleintop, chief global investment strategist at Charles Schwab, noting the report did not take a rate hike off the table for 2016. "The dollar is up, supporting this view. ... Some of the financial stocks are also pointing in that direction." 1
S&P + .45%
Nasdaq + .45%
Oil settled up nearly 3 percent on Friday after a weak U.S. jobs report hurt the dollar and boosted commodities, but crude prices still ended the week sharply lower on concerns about oversupply.
Oil $44.40
Nickel +1.25%
Zinc + 1%
Gold + .85% @ $1324
HUI + 3.7%
AUD Gold $1750
AUD .7751
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Morning All Kick off to another week imminent SPI+ 35 @ 5384...
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