Day trading pre-market open August 29

Morning traders. Thanks loungers, especially @Ravgnome and @Patterns.

Outlook for the day: Positive after US stocks continue to pare August losses.

ASX futures: up 25 points or 0.35%

Overnight themes:

• US stocks continue to claw back some of their losses for this month following a Federal Reserve pledge on Friday to be "careful" with rate hikes.
• "The fact that [Fed Chair] Powell didn't come out and say anything particularly hawkish or particularly unnerving to markets - that has proven to make this a bit of a risk-on day" - Ross Mayfield, Investment Strategy Analyst, Baird.
• Wall Street's main indices rally for a second session ahead of inflation and jobs data later in the week.
• Nvidia, Apple and Meta are among the leading movers. Dow component company 3M jumps 5.22% on plans to resolve a lawsuit over defective earplugs. A deal to sell its investment advisory business lifts Goldman Sachs 1.82%. US-listed Chinese stocks are boosted by a Chinese decision to halve the stamp duty on its share market.
• The S&P 500 trims its worst monthly loss since December to 3.4%. The Dow is down 2.6% and the Nasdaq 4.5%, according to CNBC.
• Growth sectors lead the rally. Tech +0.81%. Industrials, financials and materials log solid gains. Utilities are the only loser, dipping 0.04%.

Key events today:

• Earnings from Mineral Resources, Adbri and Johns Lyng.Group
• Speech by incoming RBA Governor Michele Bullock - 5.40 pm AEST
• US housing, consumer confidence and job openings - tonight

S&P 500: up 28 points or 0.63%

Dow: up 213 points or 0.62%

Nasdaq: up 114 points or 0.84%

Dollar: up 0.21% to 64.29 US cents

Iron ore (Dalian): down 1% to US$111.27

Brent crude: down 6 US cents or 0.1% to US$84.42

Gold: up US$6.90 or 0.4% to US$1,946.80

NYSE Arca Gold Bugs: up 2.51%

Copper (LME): exchange closed for UK holiday

Nickel (LME): exchange closed for UK holiday

Lithium carbonate (China spot): down 1.35% to US$30,617

Global X Lithium & Battery Tech ETF: up 0.42%

BHP: up 1.56% (US); UK trade suspended for holiday

Rio Tinto: up 1.66 % (US); UK trade suspended for holiday