Good morning. US equity futures are broadly higher, sp +16pts, we're set to open at 1948. USD is u/c in the DXY 98.20s. Metals remain strong, Gold +$6, with Silver +0.8%. Oil is again helping the market mood, +2.0% in the $34s.
Welcome to March.
So... Fed official Dudley appeared in Asia overnight, and with talk of 'no rate hikes', the market jumped.
Equities look set to build gains across the day, as the hourly cycle will support.
If the market likes the jobs data this Friday, there is little reason why we won't be trading in the sp'1980/90s. Again, 2K looks more viable next week.
TVIX -4% in the $8.30s
CHK +5% in the $2.70s... but that company remains in trouble
FCX +3%... as above
TSLA +1.3% in the $194s... the $200 threshold looks an easy target
Update from Mr C.
Japan: +0.4% @ 16085
China: late day recovery, +1.7% @ 2733
Germany: currently +1.6% @ 9643
Good wishes for 'Super Tuesday'.