Wednesday, 2 March 2016

Pre-Market Brief

Good morning. US equity futures are broadly flat, we're set to open at sp'1978. USD is +0.1% in the DXY 98.40s. Metals are a little weak, Gold -$2. Oil is -1.0%, ahead of the latest EIA report.



*ADP jobs: 214k.... 'reasonable', something for the econ-bulls to be relieved about. Ironically, the cheerleaders on clown finance TV are now wondering if the Fed might raise rates at the next FOMC in two weeks!

Market is set to consolidate yesterday's crazy gains.

It does seem though, the market will continue to battle upward. Its just a matter of whether 2K is hit this week... or next.

Update from Mr C.

Overnight action

Japan: solid gains, +4.1% @ 16746
China: +4.3% @ 2849
Germany: currently +0.4%@ 9754

Have a good Wednesday