Day trading pre-market open November 13

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


Outlook for the day: Positive following a strong end to the US trading week and a two-year high in iron ore.

ASX futures: up 24 points or 0.34%


Friday themes:

• Tech stocks lead a strong Friday rebound on Wall Street from Thursday's setback. The major stock indices close at their highest since September.
• The rally comes as treasury yields steady following Thursday's Federal Reserve warning that rate rises are still on the table. The advance resumes a positive run that saw the S&P 500 rise for eight sessions until Thursday's loss.
• Microsoft hits an all-time high for the third time in four sessions as the tech sector surges 2.59%. Apple, Tesla, Meta and Netflix all gain at least 2%. Intel leads on the Dow.
• All 11 sectors rise. The industrial sector firms 1.34%, materials 1.16% and financials 1.14%. Utilities and healthcare bring up the rear with gains of 0.52% and 0.6%, respectively.
• Consumer sentiment falls for a fourth month as war in the Middle East compounds rates worries. The preliminary University of Michigan sentiment measure drops from 63.8 to 60.4, the lowest reading since May.
• For the week, the S&P 500 gains 1.3%, the Dow 0.7% and the Nasdaq 2.4%.
• Iron ore climbs to its highest in more than two years following a week of Chinese efforts to support the property sector and suggestions of possible supply disruptions from Brazil (rail fire) and Australia (potential BHP strike). China ore tops US$130 a metric ton.
• Gold has its worst day since mid-April, extending its loss for the week to 3.1%. Prices slid last week after the Federal Reserve implied interest rates may still go higher, dulling interest in alternative stores of wealth, including precious metals.
• Oil rebounds on Friday but falls for a third straight week as weak demand expectations trump geopolitical supply risks. A 1.8% Friday bounce trims Brent crude's loss for the week to 4.1%.

Key events this week:

• Business confidence - Tuesday
• Consumer sentiment - Tuesday
• US consumer inflation (CPI) - Tuesday
• Quarterly wage price index - Wednesday
• China factory output, retail sales, etc - Wednesday
• US wholesale inflation, retail sales - Wednesday
• October jobs report - Thursday

S&P 500: up 68 points or 1.56%

Dow: up 391 points or 1.15%

Nasdaq: up 277 points or 2.05%

Dollar: down 0.02% to 63.58 US cents

Iron ore (Dalian): up 1.49% to US$130.50 (2-year high)

Brent crude: up US$1.42 or 1.8% to US$81.43

Gold: down US$32.10 or 1.6% to US$1,937.20

NYSE Arca Gold Bugs: down 0.83%

Bitcoin: up 0.39% to US$37,137

Copper (US): down 0.06% to US$3.63 (Note: US price because LME website is suffering a "technical issue")

Nickel (US): down 0.38% to US$457.29 (Note: US price because LME website is suffering "a technical issue")

Uranium: steady at US$73.95

Lithium carbonate (China spot): down 1.29% to US$21,317.80

Global X Lithium & Battery Tech ETF: %

BHP: up 1.34% (US); down 0.4% (UK)

Rio Tinto: down 1.55% (US); down 0.06% (UK)