Morning all
Thanks Shelby and AM crew
SPI: -5 @ 5264
XJO Yesterday: -2 @ 5295
A slightly negative open is indicated ahead of what is being widely billed as the first full days trading this week.
The S&P finished near its lows after being solidly firmer early.
Gains in financial stocks were offset by a decline in Apple.
Investors braced for the Federal Reserve meeting later this week.
The Fed is expected to leave interest rates unchanged at the two-day meeting.
"Most people feel the most unloved bull market in recent memory will be cut off at the knees by higher interest rates, and the Fed is certainly threatening that in the near term," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa.
Investors also are eyeing the Bank of Japan's policy meeting on Tuesday and Wednesday, while the first debate of the U.S. presidential election is set for next Monday. 1
S&P: Flat
Nasdaq: - .2%
Oil prices rose 1 percent on Monday after Venezuela hinted that OPEC members and other major oil producers could agree to a deal to freeze output, and as clashes in Libya disrupted attempts to restart crude exports from key ports. 1
Oil: $43.19 + .16c
Copper: - .4%
Nickel: + 4.4% **
Zinc: + 1.15
Aluminium: + .3%
Gold and silver prices ended the U.S. day session higher in Monday, with silver posting solid gains. Short covering in the futures markets and perceived bargain hunting in the cash markets were featured, after recent selling pressure. 2
Gold: $ 1313
HUI: + .6%
AUD Gold: $1742
AUD: .7537
On Today:
Have a good day
Sources:
1 Reuters
2 *****
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