Good morning tradersThe local bourse is looking set for a...

Good morning traders

The local bourse is looking set for a positive open with the SPI futures showing + 23.

US markets finished the week mixed , after heavy falls on Thursday.

DOW + 29 pts
SPX - 1 pt
NAS -11 pts

The Standard & Poor’s 500 Index (SPX) fell for the week as investors sold shares after the biggest annual gain in more than a decade, as an improving economy heightened concern about the Federal Reserve's schedule for ending stimulus.
Apple Inc. slumped 3.4 percent after Wells Fargo & Co. cut its recommendation on the stock. General Motors Co. dropped 3.4 percent on an unexpected decline in December vehicle sales. Bank of America Corp. climbed 4.7 percent as Citigroup Inc. advised investors to buy the lender’s shares. Hertz Global Holdings Inc. rallied 11 percent after adopting a takeover-defense plan amid speculation activist investors were taking stakes.

European shares clawed back some of their heavy losses from Thursday.

FTSE + 13 pts
DAX + 35 pts

COMMODITIES......
WTI crude oil continued to fall adding to Thursdays drop with another dollar and a half. ( 93.96 )

COPPER gave up 3 cents to 3.35

GOLD added to gains putting on $13 to 1238 but failed to impress the GDX index which was off by 0.91 % after good gains made in the previous session. Index rebalancing possibly giving some support to gold at these levels
XAU -1.04 %

COFFEE up and impressive 4.5 % and looking like a trend.

Good luck and be careful out there.

HLL should be back today to open arvo thread if not I will as the threads are getting too long and slow to refresh.