Morning traders. Thanks loungers, especially @Ravgnome and @Patterns.
Outlook for the day: Mildly negative after Dow and S&P 500 break four-session win streaks.
ASX futures: down 13 points or 0.18%
Overnight themes:
- US stocks fall as soft economic data and surging oil prices stoke fears of recession.
- Job vacancies fall to a near two-year low, signalling the labour market is cooling under the weight of higher rates. Factory orders decline for a second month.
- Bank stocks fall after the head of JPMorgan Chase says the banking crisis is "ongoing".
- Industrials, energy, materials lead the selling. Defensive sectors buck the downtrend.
- Gold soars to within 2% of its 2020 all-time high as the greenback and bond yields weaken. Oil steadies after Monday's OPEC-fuelled surge.
Key events today:
- Speech by RBA Governor Philip Lowe to the National Press Club at 12.30 pm AEST.
- US non-farm employment change tonight.
S&P 500: down 24 points or 0.58%
Dow: down 199 points or 0.59%
Nasdaq: down 63 points or 0.52%
Dollar: down 0.5% to 67.52 US cents
Iron ore (Dalian): down 2.06% to US$128.10 (2nd straight fall)
Brent crude: up one US cent to US$84.94 (1-month high)
Gold: up US$37.80 or 1.9% to US$2,038.20 (US$31.20 shy of 2020 record close of US$,2,069.40)
NYSE Arca Gold Bugs: up 3.59%
Copper (LME): down 1.81% to US$8,756
Nickel (LME): up 0.39% to US$23,050
Global X Lithium & Battery Tech ETF: down 2.31%
BHP: down 3.07% (US); down 3.55% (UK)
Rio Tinto: down 1.7 % (US); down 1.72% (UK)
- Forums
- ASX - Day Trading
- Day trading pre-market open April 5
Morning traders. Thanks loungers, especially @Ravgnome and...
-
-
- There are more pages in this discussion • 74 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online