GOOD MORNING TO ALL TRADERS, THANKS PJ, HLL,...HERE'S AN...

GOOD MORNING TO ALL TRADERS, THANKS PJ, HLL,...
HERE'S AN OVERNIGHT MARKET UPDATE:

> US bond markets were closed on account of Martin Luther King Day.

> Australian bond futures were little changed overnight. The implied yield on 3-year bond futures was down 1bps to 5.120% (price up 1bps to 94.880) and the implied yield on the 10-year bond futures lost 2bps to 5.585% (price up 2bps to 94.415).

> US equity markets were closed.

> European equities strengthened overnight as higher metals prices boosted basic-resource producers. The DJ Euro Stoxx 50 rose 0.6% to 2958, the German DAX gained 0.7% to 5919 and the FTSE was 0.7% higher at 5494.

> The Australian SPI 200 Mar 10 futures contract was up 5 points or 0.1% to 4887.

> The USD weakened against major crosses overnight. EUR/USD opens marginally higher at 1.438, with the GBP/USD trading stronger at 1.6324 strengthening on reports that UK property prices have increased. USD/JPY opens at 90.76, range trading overnight.

> The AUD strengthened against major counterparts overnight. AUD/USD hit a high of 0.9279, paring gains later in the session to open marginally lower at 0.9270. AUD/EUR opens strong at 0.6441, gaining 0.4%. The AUD/JPY opens around 84.10, a relatively quiet session and the currency pair with the AUD/NZD opening at 1.2535 after a choppy trading session.

> Crude oil gained overnight on forecasts that China would boost imports and Qatars statement that OPEC was unlikely to increase production this year. WTI futures contract for January rose 0.3% to US$78.25 a barrel.

> Spot gold gained overnight as the US dollar weakened, increasing the appeal of the precious metal as an alternative asset. Spot gold increased 0.2% to US$1,133.60 an ounce.

> LME copper increased 0.9% to US$7500 as the US dollar weakened. Other base metal futures traded positive with zinc, lead and nickel increasing 0.4%, 1.2% and 1.6%, respectively. Aluminium ended 0.1% down.

> Palm oil declined 0.2% on the back of speculation that global vegetable oils supplies will be sufficient to meet demand. US markets were closed.

GOOD LUCK TO ALL TRADERS!