daytrades june 2 morning ...

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"Stocks slumped Tuesday, ending a choppy session lower, as worries about the global economic outlook overshadowed better-than-expected readings on the U.S. economy. The market retreated in early trading after a report showed slower manufacturing growth in China and the euro briefly fell to a fresh four-year low. Better-than-expected readings on U.S. construction and manufacturing helped turn the tide in the morning. But the market sold off again heading into the close. The pullback came as the euro plunged and the European debt crisis threatened to slow global growth. Worries about China's slowdown were also a factor." [Source: cnnmoney.com]

The DJIA Index last traded: Down 112.61 pts; and
The SPI Futures are currently: Down 44 pts atm.

Of Note in Australia Today:

Gross Domestic Product (QoQ) (YoY) (Q1) [Market moving indicator]
[The Gross Domestic Product released by the Australian Bureau of Statistics is a measure of the total value of all goods and services produced by Australia. The GDP is considered as a broad measure of Swiss economic activity and health. A rising trend has a positive effect on the AUD, while a falling trend is seen as negative (or bearish) for the AUD.]

AiG Performance of Services Index (May)
[AiG Performance of Services Index released by the Australian Industry Group presents business conditions in the Australian service sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish).]

Of Note in the US this evening:

Pending Home Sales Index [Market moving indicator]

Motor Vehicle Sales [Merits extra attention]

Gold Futures: Gold is Down $0.80 atm and trading at $1,224.30/oz (Kitco);
Oil Futures: Oil is Down $.038 at $72.20/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8340 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

Please click here to go to the 'Pre-Market thread'