Thursday, 14 April 2016

Pre-Market Brief

Good morning. US equity futures are essentially flat, we're set to open at sp'2082. USD is +0.2% in the DXY 94.90s. Metals remain a little weak, Gold -$3, with Silver -0.6%. Oil is +0.5% in the $41s.



*awaiting CPI data, and weekly jobs.

Overnight futures were moderately lower overnight, but as the USD cooled from some gains, and as Oil recovered.. hence.. we're back to flat.

Considering opex is tomorrow, the next cooling phase will likely not be until after the weekend.

early mover: Seagate (STX) -9%, after a profits warning.

Maybe they just need to increase the stock buyback, that will solve the revenue and profitability problems, yes?

Update from Mr C.

Overnight action

Japan:  +3.2% @ 16911
China: +0.5% @ 3082
Germany: currently +0.2% @ 10042

How those indexes settle April will be pretty damn important. Equity bears should be seeking <18000, <3100, and <10300, respectively.

Have a good Thursday