daytrades may 28 morning ...

Happy Mufti Day Traders (thanks for the handover highlandlad),

Dow Snapshot

"U.S. stocks soared Thursday, with the major indexes gaining about 3%, after Chinese officials dismissed reports that they're reviewing their nation's investment in European bonds amid concerns about the continent's debt problems. Stocks erased gains in the last hour of trade Wednesday, with the Dow finishing below 10,000 for the first time in three months, as the focus shifted from strong economic reports to lingering concerns about global economic recovery and the weakening euro. But investors' confidence got a boost Thursday after China's State Administration of Foreign Exchange refuted reports that the country was reconsidering its holdings in European bonds, calling the claims "groundless."" [Source: cnnmoney.com]

The DJIA Index finished the session: Up 284.54 pts; and
The SPI Futures are currently: Up 65 pts atm.

Of Note in Australia Today:

There is no 'Economic news' due to be released in Australia today; and

Of Note in the US tonight:

Personal Income and Outlays [Market moving indicator];

Consumer Sentiment [Merits extra attention];

Chicago Purchasing Managers' Index (May) [Moderate volatility expected];

[Sources: Bloomberg & fxstreet.com]

Gold Futures: Gold is Down $.070 atm and is currently sitting at $1,211.30/oz (Kitco);
Oil Futures: Oil is Up $.23 at $74.78/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8488 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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