Pre-Market Brief - print print print!

Good morning. Minor market declines in pre market of dow-30/40 have flipped to dow +30/40 on a few pieces of news. ECB cut rates by 0.25% to 0.75%. China also cut rates, and the Bank of England are doing another $75bn QE (great work, Mr King, you're so....original!)

Three pieces of econ-data due...ISM non-manu (10am)...and...

ADP jobs data: 176k , vs 136k previous,  reasonable !
Weekly Jobs data: 374k ..clearly..green shoots!


sp, daily4

Summary

On a slightly broader perspective you can see we are still in an up trend since the June sp'1266  low. There is NO sign of a turn yet, and a levelling stage (which would be pretty normal), would often take 3-5 days in itself.

Lets see what the econ-data is, and whether Mr Market wants to ramp towards that upper channel line of 1390/1400 by the Friday close.

Good wishes for Thursday trading.