Day trading pre-market open May 2

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

Outlook for the day: Flat to mildly negative ahead of this afternoon's interest rate decision.

ASX futures: down five points or 0.07%

Overnight themes:

• US stocks dip as the banking crisis claims another victim. First Republic Bank is sold to JPMorgan Chase in a weekend fire sale. "This part of the crisis is over," says JPMorgan CEO Jamie Dimon.
• Regional bank index falls more than 2% amid speculation other smaller banks face similar stresses. JPMorgan shares gain 2.14%.
• Index falls contained by a broadly positive earnings season. Update due this week from market behemoth Apple.
• "We've had good earnings relative to expectations. Analysts for now have backed off of lowering estimates" - Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder.
• Healthcare, industrials and utilities lead gains. Energy, consumer discretionary and REITs are biggest drags. Materials little changed.

Key event today:

• Australian interest rate decision - 2.30 pm AEDT

S&P 500: down 2 points or 0.04%

Dow: down 47 points or 0.14%

Nasdaq: down 14 points or 0.11%

Dollar: down 0.31% to 66.3 US cents

Iron ore: down US$3 or 2.78% to US$105

Brent crude: down US$1.02 or 1.3% to US$79.31

Gold: down 0.3% to US$1,992.20

NYSE Arca Gold Bugs: down 0.23%

Copper: London Metal Exchange closed May Day. Last price: US$8,595.50

Nickel: London Metal Exchange closed May Day. Last price: US$24,285

Global X Lithium & Battery Tech ETF: down 1.49%

BHP: down 0.66% (US); down 0.62% (UK)

Rio Tinto: down 1.28% (US); up 0.1% (UK)