DT Pre Market Feb 20 2017

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    Morning all
    Thanks weekend crew

    SPI +5 @ 5760

    Over the weekend the Dow was flat, the S&P 500 edged 0.2 per cent higher and the Nasdaq advanced 0.4 per cent as investors opted for the sidelines ahead of a three-day break. US markets are closed on Monday for the Presidents Day holiday.
    "There is a certain level of indecision among investors now, but I won't say there is outright bearishness out there," said Gary Huxtable, client adviser at Atlantic Pacific Securities. He added that while the local market has reached 20-month highs over the last few sessions, investors seem torn.

    To build on the ASX's two-week advance, it's up to, among others BHP Billiton and Westpac on Tuesday; Coca-Cola Amatil and Woolworths on Wednesday; Crown Resorts, Flight Centre and Qantas on Thursday; and Charter Hall and Mayne Pharma on Friday.

    There will be little help initially this week from base metals, which mostly slid in London over the weekend paced by copper.
    The next key economic data point for investors is the fourth-quarter wage price index on Wednesday. NAB economist David de Garis is forecasting "a still-subdued 0.4 per cent" rise in the December quarter. 1

    Oil $53.37

    Copper - .7%
    Nickel - .5%

    Gold $ 1234
    HUI - 3%

    Have a good day

    1 SMH
 
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