Morning all
Thanks Trees et al
SPI: +27 @ 5446
ASX XJO Yesterday: -75, 1.4% @ 5466
A positive start is slated by futures today following a cautiously optimistic session in the States overnight.
In the US, the S&P finished on its' high on the back of stronger oil prices, up more than 3%.
Private sector jobs came in ahead of expectations, often seen as a mini mirror into the more comprehensive
Non Farm Payroll figures out this Saturday AM our time.
Data showed the U.S. private sector added 179,000 jobs in July, beating estimates of 170,000. The report comes ahead of the more comprehensive national payrolls report on Friday.
If the labor market is able to build on its recent strength, it could make the case for the Federal Reserve to raise benchmark U.S. interest rates later this year.
Chicago Federal Reserve Bank President Charles Evans said on Wednesday that one rate hike may be appropriate this year, despite his worry that inflation is still undershooting the U.S. central bank's 2 percent target.
The S&P financial sector rose 1 percent. 1
FTSE: -.2%
DAX: +.25%
S&P: +.2%
Nasdaq: +.4%
US crude oil stockpiles fell the most since April as refineries increased operating rates. WTI crude added 3.2 per cent in response to $US40.74 a barrel.
Oil: $41.17 + $1.66
Iron Ore: - .4%
Copper: flat
Nickel: +.8%
Zinc: +.2%
Aluminium: + .9%
Gold prices ended the U.S. day session moderately lower Wednesday, on profit taking and a corrective pullback from recent gains that pushed prices to a three-week high Tuesday.
Gold: $1358 - .4%
GDX: - 1.2%
AUD Gold: $1789
AUD: .7589
On Today:
UK Interest rates
Have a good day
Sources:
1 Reuters
- Forums
- ASX - Day Trading
- Day Trading4 Aug Pre Market
Morning all Thanks Trees et al SPI: +27 @ 5446 ASX XJO...
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