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Pre-Market Report – Wednesday 12 June: Resources Fall | Waiting for Fed
Manage episode 423081836 series 2991632
The S&P 500 and the Nasdaq Composite rose to fresh closing records on Tuesday, led upward by Apple. The 30-stock Dow Jones Industrial Average lost 120.62 points, or 0.31%, to end at 38,747.42.
ASX SPI down 36
- Oil settled slightly up on forecasts for strong global demand.
- Gold edges up as investors eye Fed outlook, US inflation data.
- Iron ore tumbles to 2-month low on concerns over weakening China demand.
- Copper hits seven-week low on weak China indicators and strong dollar.
- OPEC sticks to 2024 oil demand growth forecast but trims Q1 view.
- Saudi crude oil exports to China to fall for 3rd straight month in July.
- Red Sea ships attacks push 47% more crude oil, fuels around Africa.
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.
1501 episodes
Manage episode 423081836 series 2991632
The S&P 500 and the Nasdaq Composite rose to fresh closing records on Tuesday, led upward by Apple. The 30-stock Dow Jones Industrial Average lost 120.62 points, or 0.31%, to end at 38,747.42.
ASX SPI down 36
- Oil settled slightly up on forecasts for strong global demand.
- Gold edges up as investors eye Fed outlook, US inflation data.
- Iron ore tumbles to 2-month low on concerns over weakening China demand.
- Copper hits seven-week low on weak China indicators and strong dollar.
- OPEC sticks to 2024 oil demand growth forecast but trims Q1 view.
- Saudi crude oil exports to China to fall for 3rd straight month in July.
- Red Sea ships attacks push 47% more crude oil, fuels around Africa.
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.
1501 episodes
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