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Before the bell | Pre-Market News

Overnight movements in the US won't help the index today.

Overnight movements in the US won't help the index today.

Mark Gardner

Yesterday

 

  • XJO - 1.06%
  • Market down across the board in quiet trade

Overnight

 

DOW - 1.99, SPX - 2.15, NDQ - 2.62%

  • Inflation +0.8% in the US sending the market into a tailspin
  • 4 main components, airfares, used car prices, rental cars contributing about half of the inflation number
  • Bond yields up 6bps
  • Volatility spiking to a 3month high
  • Crude up 0.69%
  • Gold down 1% on rising yields
  • SPI futures -28pts

Today

 

  • 1130 AU Wage Price Index
  • US PPI. Should be busy due to high CPI
  • US Weekly Job Claims
  • WBC and NAB Ex-Div today

Comments

 

The Ex-Driv date corresponding with the overnight movements in the US won't help the index today. Expect the market to drop from the open, support around 6920.

Trading Department Recommendations Performance & Updates

Overnight SNAS hedge proved prudent, look to exit today before market close.

Sold VIX at 27 last night

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