daytrades april 6 pre-market, page-13

Good Morning,

US Stocks rallied Monday, with the Dow edging closer to 11,000, as investors returning from a long weekend welcomed last week's jobs report, the morning's strong housing market report and the launch of Apple's iPad device.

The market also kept an eye on the 10-year Treasury note yield, which surged to 4% as investors dumped treasuries in favor of riskier assets. Oil prices surged to nearly 18-month highs. The dollar was mixed versus other major currencies.

The Dow Jones industrial average (INDU) added 46 points, or 0.4%, to close at 10,973.55. Earlier, the Dow rose to within 11 points of 11,000, a key psychological level. The Dow last closed above 11,000 on Sept. 26, 2008, ending at 11,143.13.

The S&P 500 index (SPX) gained 9 points, or 0.8% closing at its highest point since Sept. 26, 2008, when it topped 1200. The Nasdaq composite (COMP) added 27 points, or 1.1%, closing at its highest point since Aug. 15, 2008.

Stocks gained last week, rising for the sixth of seven weeks. But markets were closed for Good Friday, making Monday the first time investors were able to react to Friday's big jobs report from the Department of Labor.

Analyst said "The pending home sales report shows a stable housing environment and the services sector report was a consistent follow-through to last week's manufacturing report. Following the jobs report, growth looks pretty solid. It suggests we can avoid a double-dip recession."

LONDON - The London FTSE 100 index rose 65.25 points to close at 5,744.89.

FRANKFURT - The Frankfurt DAX added 1.33 percent to 6,235.56 points, its best showing since early September 2008.

PARIS - In Paris the CAC 40 jumped 1.52 percent to at 4,034.23 points.

TOKYO - Japan's benchmark Nikkei average closed up 0.47 percent at 11,339.30 on Monday, while the broader Topix gained 0.64 percent to 995.68.

HONG KONG - The benchmark Hang Seng Index closed up 297.65 points at 21,537.00

Oil soared above 85 dollars on Thursday, nearing October 2008 peaks in thin pre-holiday trade, driven by manufacturing data which underlined the global economic recovery, traders said.

New York's main contract, light sweet crude for delivery in May, jumped as high as 85.10 dollars per barrel, levels last seen in early October 2008. It later stood at 84.88 dollars, up 1.12 dollars from Wednesday's close.

Australian stocks look set for a bright start on Tuesday, with local investors expected to be buoyed by positive US economic data published over the Easter break.

Figures out on Friday night (Australian time) showed the US economy gained 162,000 jobs in March, which was the largest monthly increase in three years.

the Reserve Bank of Australia's (RBA) interest rate decision, due at 1430 AEST, could put the brakes on any significant moves higher.

Analyst said "I think we might open up on Tuesday about 40 points in reaction to the strong data out of the US. But as the day wears on I think there will be a bit of caution creeping in ahead of the Reserve Bank's decision."

GOLD up $7.700 to US$1,133.80 an ounce
SILVER up 22.8c to US$ 18.118 an ounce
COPPER up 0.049c at US$3.63 a pound

http://www.marketwatch.com/
http://www.thebull.com.au/
http://www.news.com.au/business/