Day Trading 9 May Pre Market

Morning all
Thanks weekend crew

A trading update by CBA today might be a litmus paper test for the broader market as it loos to open 22 points higher

US markets on friday halted a 3 day loss on the back of a weak improvement in jobs, and hopes of a slow but progressive rise in interest rates.
American employers added 160,000 workers in April, trailing the 200,000 jobs economists estimated . The jobless rate stayed at 5 per cent, while wage growth accelerated.
The data adds to speculation the Fed will stick with a slower pace in tightening monetary policy.
Apple fell to its lowest level since April 2014, Facebook and google led gains.
Berkshire Hathaway confirmed an 8% rise in growth aftermarket.

Brent crude slid 6 per cent for its biggest weekly decline since January. Oil fell 3 per cent after profit-taking by investors early in the week on April's gain of 20 percent or more in the two crude benchmarks.

Goldman Sachs raised its iron ore forecasts after a surprise rally at the start of 2016, while warning that the price revival may store up problems as supplies are still set to climb. The outlook for this quarter was increased 47 per cent to $US55 a metric ton, the July-to-September view was boosted 20 per cent to $US45. 1

Gold $1287
HUI +4%
Aud Gold $1287

Aud .7360

Have a good day

1 SMH