Good morning traders.
The local market looks set for a soft open with the ASX SPI futures showing – 6.
U.S. stocks fell, halting the longest rally in the Standard & Poor’s 500 Index since January, as Coca-Cola Co.’s profit dropped and a Federal Reserve official called for cuts to stimulus.
Coca-Cola slid 1.9 percent as the beverage company said volumes missed estimates amid slowing economic growth in China and Europe.
DOW down 32 points
S & P down 6 points
FTSE down 0.45%
DAX down 0.43 %
Gold prices ended the U.S. day session modestly higher in quieter trading Tuesday. The precious metals were supported by a lower U.S. dollar index Tuesday. More short covering and bargain hunting were featured.
USD index - 0.65 82.44
GOLD spot 1291
GDX gold miners index + 5.60 %
Copper added 3 cents to 3.19
Both BHP and RIO closed higher in US trade +2.83 % and +3.93 % respectively.
WTI crude down 40 cents to 106.00
Some strength in the US gold miners though the AUD has strengthened to 0.9255 and AUD gold 1395.
Good luck
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- daytrading 17 july pre market
Good morning traders.The local market looks set for a soft open...
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