Day trading pre-market open March 29

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



    Outlook for the day: Negative. Futures fall for the first time this week after the S&P 500 breaks a three-session win run.


    ASX futures: down 26 points or 0.37%



    Overnight themes:

    • US stocks retreat during a calmer session as banking worries subside, boosting bond yields.
    • Treasury yields rise for second session from Friday's six-month lows. Rate-sensitive growth sectors hit hardest. (Rising rates make future profits comparatively less attractive.)
    • Bank stocks dip after members of Senate Banking Committee call for tighter regulation.
    • Energy, industrials, materials outperform in a falling market. Tech, health, real estate among the night's biggest drags.



    Key event today: February inflation data (CPI) at 11.30 am AEDT (previous: 7.2% yoy; expected: 7.2%)


    S&P 500
    : down six points or 0.16%


    Dow: down 38 points or 0.12%


    Nasdaq: down 53 points or 0.45%


    Dollar: up 0.72% to 67.07 US cents


    Iron ore (Dalian): up 1.8% to US$128.11 (2nd straight rise)


    Brent crude: up 53 US cents or 0.7% to US$78.65 (2-week high)


    Gold: up US$19.70 or 1% to US$1,973.50 (1st rise in three sessions)


    NYSE Arca Gold Bugs: up 2.3%


    Copper (LME): down 0.08% to US$8,957


    Nickel (LME): up 1.37% to US$24,125


    Global X Lithium & Battery Tech ETF
    : up 1.14% (2.5 week high)


    BHP: up 2.16% (US); up 2.07% (UK)


    Rio Tinto: up 1.5% (US); up 2.03% (UK)




    Last edited by highlandlad: 29/03/23
 
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