Monday 29 December 2014

Pre-Market Brief

Good morning. Futures are moderately lower, sp -6pts, we're set to open at 2082. Metals are a touch weak, Gold -$1. Oil is battling to claw away from the key low of $53.60... +0.7% in the $55s.


sp'daily5


Summary

Just 3 days left of the year...

Despite the likely open, there is still zero reason why the market won't continue broadly climbing across this shortened week. The sp'2100s look due.. if not the 2130/50 zone.
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*Greek MPs did not give Samaras the necessary support. A general election is now due in January. No doubt, that will rattle some in the EU.

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*notable early gains... oil/gas drillers, RIG/SDRL, both higher by over 1%.