Day trading pre-market open October 13

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


Outlook for the day: The share market's winning run looks set to end at six after sticky inflation data helps sink US stocks.

ASX futures: down 58 points or 0.81%


Overnight themes:

• US stocks fall as hotter-than-expected headline inflation data pushes treasury yields sharply higher. The S&P 500 logs its first loss in five sessions.
• Treasury yields and the US dollar swing higher after consumer prices increase more than expected last month. Rising rents help lift the consumer price index 0.4% for the month for an annual increase of 3.7%. Economists expected gains of 0.3% for the month and 3.6% year-on-year.
• Core inflation (excluding volatile energy and food prices) falls to 4.1% year-on-year from 4.3% in August.
• “Every print that comes in where it shows more stickiness chips away at the inherent belief we will eventually get to 2% inflation” - Phillip Colmar, global strategist at MRB Partners.
• The yield on 10-year US treasuries surges 14 basis points to 4.7%. The Australian dollar dives 1.6% as the greenback rebounds.
• Also negatively affecting sentiment: Boston Fed President Susan Collins says the central bank may have to raise rates again if warranted by inflation.
• Miners and bond proxies lead the retreat. The materials sector sheds 1.52%, utilities 1.49% and real estate 1.3%. Two sectors finish ahead: energy and tech gain 0.1%.

Key events today:

• China inflation data - 12.30 pm AEDT
• US consumer sentiment - tonight

S&P 500: down 27 points or 0.62%

Dow: down 178 points or 0.51%

Nasdaq: down 85 points or 0.63%

Dollar: down 1.63% to 63.13 US cents

Iron ore (Dalian): up 1.64% to US$114.62

Brent crude: up 18 US cents or 0.2% to US$86

Gold: down US$4.30 or 0.2% to US$1,883

NYSE Arca Gold Bugs: down 1.83%

Copper (LME): down 0.75% to US$7,964

Nickel (LME): up 1.43% to US$18,750

Lithium carbonate (China spot): up 0.3% to US$23,615

Global X Lithium & Battery Tech ETF: up 0.58%

BHP: down 1.42% (US); down 0.09% (UK)

Rio Tinto: down 0.84% (US); up 0.45% (UK)