Day Trading VRI, 27 Sept Pre Market

Morning All
Lovely day to hopefully watch VRI get blasted into a low earth orbit
Thanks Shants and crew

SPI: --44 @ 5373
XJO Yesterday: Flat

  

Wall Street fell on Monday as Deutsche Bank weighed on financials and investors hunkered down for the first debate between the two U.S. presidential idiots.

Big banks led the declines as investors worried that Deutsche Bank might need to add additional capital to pay for a$14 billion U.S. demand to settle claims it missold mortgage-backed securities.
Its U.S.-listed shares fell 7.06 percent to a record low after the bank said it had no need for German government assistance, a response to an earlier report that Chancellor Angela Merkel had warned not to expect any.

The race for the White House has so far had little discernible effect on the sentiment but that may change if Monday's encounter leaves a decisive winner.
"Wall Street favors Hillary at this point because she is a known commodity. Trump is a wild card," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa. "But I don't think it's too late for Wall Street to warm up to Trump." 1

The S&P 500 was down 0.86%, the Dow Jones Industrial Average fell 0.91%, and the Nasdaq slid 0.91%.

Oil settled up 3 percent on Monday as the world's largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output in April in Doha which failed.

OPEC and other oil producers led by Russia are meeting informally on the sidelines of the International Energy Forum in Algeria from Sept. 26-28 to tackle a crude glut that has battered prices for two years now.

Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful.

"Unless there's an impressive production cut by OPEC on top of a freeze, I think we'll give back everything we've gained by the end of this week," said Tariq Zahir, an oil bear at Tyche Capital Advisors in New York. 1

West Texas Intermediate futures rose $1.45, or 3.3 percent, to settle at $45.93 after a session high of $46.20 and low of $44.43.


Copper: - .45%
Nickel: - 1.5%
Zinc: flat
Aluminium: + 1.5%

Gold: $1338
HUI: - 1%
AUD Gold: $1752

AUD: .7636

Have a good day

Sources:
1 Reuters