Morning all
Thanks AM crew
Futures are 49 points lower this morning in a disconnect from the US, whose markets were flat ahead of tonights' jobs number.
Early gains were given up into the session as consumer discretionary and general wariness set the tone, with L Brands dropping 12 percent to $70.54 after posting lower-than-expected monthly comparable sales.
Shares of Tesla fell 5 percent to $211.53 after analysts expressed doubts about the electric carmaker's ability to deliver vehicles ahead of schedule.
Energy shares were among the day's advancers, but off their days highs, as oil prices gave up early gains. The S&P 500 energy index was up 0.7 percent.
A Reuters survey ahead of Friday's report showed nonfarm payrolls likely rose by 202,000 last month, after rising 215,000 in March, while the unemployment rate is forecast to hold at 5 percent. 1
Base metals were weaker, Nickel off 3.6%, copper 1.6%, zinc 1.755, aluminium 2%.
Copper fell below its' 200 day average
Oil $44.47 +.69c
Gold prices ended the U.S. day session near steady levels Thursday. An early “buy-the- dip” bounce following recent profit-taking selling pressure gave way to renewed selling interest as today’s session progressed. A rebound in the U.S. dollar index has been a bearish element for the precious metals.
Gold $1277
HUI +3%
AUD Gold $1712
AUD .7462
Have a good day
1 Reuters
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