Day Trading EOFY 2016

Morning all
Thanks Trees et al

World markets continue to shake off the Brexit shock with a second straight night of solid gains on both sides of the Atlantic.
SPI futures are 73 points higher at 2156

In Europe higher oil prices and expectations of fresh Central Bank stimulus helped buoy the markets.
STOXX 50 +2.6%
DAX+ 1.7%
FTSE + 3.4%

In the States bargain hunting drove markets solidly higher.
Financial stocks , which have taken a recent beating led the charge advancing 2.3%.
It has been the strongest 2 day run in 4 months.
Energy shares jumped 2 percent, supported by higher oil prices. All 10 industry groups closed higher.
"It’s not the end of the world and it never was the end of the world, and to have these kinds of reactions was ridiculous," said Jeff Weniger, senior portfolio strategist at BMO Private Bank in Chicago.
S&P +1.7%
Nasdaq + 1.8%

Wall Street's rebound in the past two days has coincided with a bounce in oil prices, which rose on Wednesday after a larger-than-expected drawdown in U.S. crude inventories.
"People are still using oil as kind of a proxy for a read on the global economy," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. "If oil prices firm, that seems to be giving a little bit more breathing room that Brexit and everything else isn’t going to just tank the global economy." 1
Oil $49.54 + $2.03, 4%

Gold prices ended the U.S. day session moderately higher Wednesday, on technically related buying as the bulls remain in firm near-term control of the charts. Bulls are also encouraged by safe-haven gold’s ability to show resilience amid better risk appetite in the marketplace at mid-week. Meantime, silver prices were sharply higher hit a 21-month high Wednesday.
Gold $1318
Silver $18.27 - 21 month high
HUI +3%
AUD Gold $1768

AUD .7455

Have a good day

1 Reuters
2 *****