The ASX fell back yesterday as a sell off ahead of June 30 in Bank and health stocks saw punters taking profits after a seven week rally. The XJO dropped .8% through the 5300 which had been holding prior to yesterday to 5279.
Futures are 36 points higher this morning
Wall St had modest gains ahead of tonights non farm payrolls report, expected to be at 160000. The gains pushed the S&P to 7 month highs as gains in healthcare stocks outweighed losses in the energy line of business.
Generally US markets are quiet awaiting direction on interest rates next month.
S&P +.2%
Nasdaq +.28%
Oil prices edged higher overnight, with Brent lifted briefly above $US50 a barrel the first time in seven months, after the latest drawdown in US crude stockpiles offset OPEC's failure to set a ceiling for its output.
US crude stockpiles fell 1.4 million barrels last week.
Oil $49.04
Gold ended a quieter session slightly lower Thursday, in another narrow, two-sided trading affair.
$1210
HUI +.2%
AUD Gold $1675
AUD .7229
On Today
11.45am Caixin China PMI Services; 11.45am Caixin China PMI Composite; US Trade Balance; US Nonfarm Payrolls; US Unemployment Rate; Labour Force Participation Rate
