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.


sp'60min


Summary

*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!
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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.

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Update from Mr C.



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Overnight action

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

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Have a good Wednesday