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Pre-Market Report – Thursday 11 April: US CPI Dents Rate Cut Hopes
Manage episode 411824020 series 2991632
The Dow Jones Industrial Average led Wednesday’s losses, tumbling 1.09%, while the S&P 500 dropped 0.95%. The Nasdaq Composite sank 0.84%. Ten of the 11 S&P 500 sectors finished the session in negative territory, with real estate bearing the brunt of the selling pressure and posting decline of more than 4%. The rate on the 10-year Treasury note topped 4.5%, while the 2-year Treasury yields surged close to 5%.
ASX to fall. SPI Futures down 65 points (-0.82%).
- Base metals found buyers despite a stronger USD with Copper down 0.42%, Nickel +1.07%, Aluminium +0.16%, Zinc +1.18%, Lead +0.58%, and Tin +2.36%.
- Gold prices fell 0.84% coming off record highs as the USD and treasury yields firmed.
- Oil prices advanced after three sons of a Hamas leader were killed in an Israeli airstrike feeding worries that ceasefire talks might stall. WTI up 1.09% and Brent Crude up 1.35%.
- Currencies - Aussie dollar flat, USD Index +1.0%, Euro +0.01%, and Bitcoin +0.79%.
- 10Y Bond Yields – US 4.546%, Australia 4.220%, and Germany 2.446%.
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.
1335 afleveringen
Manage episode 411824020 series 2991632
The Dow Jones Industrial Average led Wednesday’s losses, tumbling 1.09%, while the S&P 500 dropped 0.95%. The Nasdaq Composite sank 0.84%. Ten of the 11 S&P 500 sectors finished the session in negative territory, with real estate bearing the brunt of the selling pressure and posting decline of more than 4%. The rate on the 10-year Treasury note topped 4.5%, while the 2-year Treasury yields surged close to 5%.
ASX to fall. SPI Futures down 65 points (-0.82%).
- Base metals found buyers despite a stronger USD with Copper down 0.42%, Nickel +1.07%, Aluminium +0.16%, Zinc +1.18%, Lead +0.58%, and Tin +2.36%.
- Gold prices fell 0.84% coming off record highs as the USD and treasury yields firmed.
- Oil prices advanced after three sons of a Hamas leader were killed in an Israeli airstrike feeding worries that ceasefire talks might stall. WTI up 1.09% and Brent Crude up 1.35%.
- Currencies - Aussie dollar flat, USD Index +1.0%, Euro +0.01%, and Bitcoin +0.79%.
- 10Y Bond Yields – US 4.546%, Australia 4.220%, and Germany 2.446%.
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.
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