Day trading pre-market open April 3

Originally posted by highlandlad: ↑

Morning traders. Thanks loungers, especially @Ravgnome.

Outlook for the day: Negative as solid falls on Wall Street offset commodity price gains.

ASX futures: down 30 points or 0.38%

Overnight themes:
US stocks retreat and treasury yields rise as traders lower expectations for a June rate cut. The Dow and S&P 500 drop for a second night. The Nasdaq also falls.
Treasury yields rise as the market succumbs to a recent run of strong economic data, stubbornly-high inflation readings and warnings from Federal Reserve officials that the bank is in no rush to cut rates. A report on Friday showed inflation remains well above the Fed's target rate at an annual rate of 2.8%. Manufacturing data on Monday implied the economy may be heating up again, risking an upsurge in inflation. Energy prices are also on the advance (more below).
Overnight data show factory orders rebounded more than expected in February, while job openings were little changed in a sign demand for labour remains well supported. The yield on 10-year treasuries logs its highest return since late November.
The odds on a June rate cut have drifted out to 57% from 64% last week, according to CME Group's FedWatch tool.
"The narrative of 'higher [rates] for longer' is coming back into play despite the fact that the Fed does see a rate cut sometime this year. So this has got the market worried" - Quincy Krosby, chief global strategist at LPL Financial (per Reuters).
Wall Street's "fear gauge", the VIX or volatility index, records its strongest reading in more than two weeks.
A 4.9% slump in Tesla drags on the Nasdaq and S&P 500 after the electric car-maker reports its first decline in quarterly deliveries in almost four years.
Eight of eleven sectors decline. The night's worst performers are healthcare -1.62%, consumer discretionary -1.28% and real estate -1.12%. Three sectors buck the downtrend: energy +1.37%, utilities +0.17% and communication services +0.09%.
Escalating tensions in the Middle East boost oil and gold. Brent crude touches its highest since late October after an Israeli strike on Iran's embassy in Syria sharpens fears of a wider conflict. Gold logs a third-straight record as traders buy traditional havens in times of geopolitical strife.
Iron ore rises for the first time in six sessions as buyers stock up ahead of public holidays in China later this week. The most-traded ore contract on the Dalian Commodity Exchange bounces 3.1%. Chinese markets close on Thursday and Friday.
Copper regains US$9,000 a ton following the first expansion in Chinese manufacturing in six months. Other industrial metals also rally. Nickel climbs back above US$17,000 a ton. Weekend data showed the official manufacturing PMI improved to 50.8 last month from 49.1 in February.

Key events today:
China services PMI - 12.45 pm AEDT
US private payrolls, services PMI - tonight
Speech by US Federal Reserve Chair Jerome Powell - tonight

S&P 500: down 38 points or 0.72%

Dow: down 397 points or 1%

Nasdaq: down 156 points or 0.95%

Dollar: up 0.43% to 65.16 US cents

Iron ore (Dalian): up 3.1% to US$106.15

Brent crude: up US$1.50 or 1.7% to US$88.92

Gold: up US$24.70 or 1.1% to US$2,281.80

NYSE Arca Gold Bugs: up 1.16%

Bitcoin: down 5.23% to US$66,073

Copper (LME): up 1.62% to US$9,011

Nickel (LME): up 2.28% to US$17,025

Uranium (spot price): up 1.14% to US$89.50

Lithium carbonate (China spot): up 0.84% to US$15,284

Global X Lithium & Battery Tech ETF: down 0.48%

BHP: up 1.41% (US); up 2.33% (UK)

Rio Tinto: up 1.42% (US); up 1.99% (UK)

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As per usual excellent work!!