It's trading on the back of the energy sector.

Pete Carroll is a phenomenal recruiter, the whole entire staff has so much energy; they actually recruit like they are a 1-9 team instead of a 12-0 team.

I expect them to come out really hungry and with a lot of energy. That's certainly usually the case when you change coaches. There's a little fear of the unknown and you're always trying to impress the new guys.

The Australian dollar has moved up against all other currencies quite sharply. The market has been wrong-footed by the Australian dollar, as has happened on several occasions this year. You get a few strong numbers in Australia and the market has to turn around again.

The Australian dollar has been dragged down by the New Zealand dollar. Both currencies may well go through several months of under-performance.

Recovering equities and still overall strong commodity markets suggests that there is little broad-based concern that central bank policy tightening will curtail global economic growth and there is still adequate global liquidity chasing higher risk assets and capping risk premiums,