DT Pre Market Jan 12 2017

Morning all
Thanks AM crew

SPI +17 @ 5745

A rally in metals and mining stocks following a spike in commodity prices offset losses in the big banks to lead the ASX higher on Wednesday.
Investors poured into energy and mining stocks, but there was little attention paid to other sectors in the market, suggesting an overarching lack of conviction. Except the Uranium sector which is bloody well on fire. And OOK which could explode.
The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both rose 0.3 per cent to 5771.5 points and 5823.7 points, respectively.
"Mining stocks are getting some support on the back of positive data from China yesterday," said Gary Huxtable, client adviser at Atlantic Pacific Securities. "Outside of the materials and Uranium sector, there's very little conviction in other sectors today." 1

U.S. equities rose in choppy trade on Wednesday after President-elect Donald Trump took a shot at the pharmaceutical industry during a news conference.
"We have to get our drug industry coming back. Our drug industry has gotten disastrous. They're leaving left and right," Trump said at his first news conference since winning the U.S. election.
The Nasdaq composite fell after Trump made his remarks, as the iShares Nasdaq Biotechnology ETF fell 3 percent. Heading into the close, however, the Nasdaq traded just above the flatline.
The S&P 500 advanced 0.1 percent, shrugging off a 1 percent decline in health care. Energy stocks led the way in the S&P, rising 1 percent.
The Dow Jones industrial average traded about 70 points higher in afternoon ET, with Goldman Sachs and IBM contributing the most gains. The blue-chips index briefly turned lower after Trump's remarks on the pharmaceutical industry, having briefly flirted with 20,000. 2

Oil prices rose on Wednesday by the most in over a month, boosted by a weaker U.S. dollar following a news conference by U.S. President-elect Donald Trump and on news that Saudi Arabia had cut exports to Asia.
Oil's gains came despite government data showing a bigger-than-expected weekly build in U.S. crude and fuel inventories.
The U.S. dollar collapsed during Trump's remarks, which disappointed investors who had sent the currency to its highest level in a week ahead of this news conference.
WTI settled up $1.43, or 2.8 percent, at $52.25 a barrel.

Copper - 1%
Nickel - 3.9%
Zinc - .6%
Aluminium + .3%

Gold prices ended the U.S. day session with good gains and hit a six-week high Wednesday. The precious metal became a bit volatile during President-Elect Donald Trump’s press conference, mainly because the U.S. stock and bond markets became very jittery. Trump said drug pricing in the U.S. is “a disaster” and also made disparaging remarks about China. The U.S. dollar index also backed way off its daily high to trade sharply lower in early afternoon trading, which also supported the precious metals market bulls. 4
Gold $ 1190
Aud Gold $1598

AUD .7445

Have a good day

1 SMH
2 & 3 CNBC
4 *****