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Pre-Market Report – Friday 5 April: Kashkari Throws a Spanner, SPI Drops 63
Manage episode 410701851 series 2991632
The Dow Jones Industrial Average lost 530.16 points, or 1.35%, to close at 38,596.98. The 30-stock Dow suffered its worst session since March 2023, and it logged its fourth consecutive losing day. The S&P 500 dropped 1.23% to end at 5,147.21. The tech-heavy Nasdaq Composite dipped 1.40% to close at 16,049.08.
ASX to fall. SPI Futures down 63 points (-0.80%).
- Base metals advanced, supported by a falling USD which dipped to a two-week low. Nickel +1.93%, Aluminium +0.84%, Lead +2.42%, and Tin +1.72%.
- Copper up 1.34% hitting a 14-month high.
- Zinc rose 3.54%, its biggest daily gain in more than six months.
- Gold fell 0.39% after hitting an all-time high earlier in the session.
- Oil prices extended gains on geopolitical tensions, with Brent Crude settling above $90 (+1.60%), its highest level since October, while WTI gained 1.33%.
- Currencies - Aussie dollar +0.34%, USD Index -0.04%, Euro +0.32%, and Bitcoin +3.22%.
- 10Y Bond Yields – US 4.307%, Australia 4.117%, and Germany 2.358%.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
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1337 episoder
Manage episode 410701851 series 2991632
The Dow Jones Industrial Average lost 530.16 points, or 1.35%, to close at 38,596.98. The 30-stock Dow suffered its worst session since March 2023, and it logged its fourth consecutive losing day. The S&P 500 dropped 1.23% to end at 5,147.21. The tech-heavy Nasdaq Composite dipped 1.40% to close at 16,049.08.
ASX to fall. SPI Futures down 63 points (-0.80%).
- Base metals advanced, supported by a falling USD which dipped to a two-week low. Nickel +1.93%, Aluminium +0.84%, Lead +2.42%, and Tin +1.72%.
- Copper up 1.34% hitting a 14-month high.
- Zinc rose 3.54%, its biggest daily gain in more than six months.
- Gold fell 0.39% after hitting an all-time high earlier in the session.
- Oil prices extended gains on geopolitical tensions, with Brent Crude settling above $90 (+1.60%), its highest level since October, while WTI gained 1.33%.
- Currencies - Aussie dollar +0.34%, USD Index -0.04%, Euro +0.32%, and Bitcoin +3.22%.
- 10Y Bond Yields – US 4.307%, Australia 4.117%, and Germany 2.358%.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
1337 episoder
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