Episode Details
Back to Episodes
Marcus Today Pre-Market Podcast – Thursday 18th January
Published 1 year, 11 months ago
Description
The Dow Jones Industrial Average declined 94.45 points, or 0.25%, to close at 37,266.67. This marked the third straight day of losses for the 30-stock index. The S&P 500 slid 0.56% to close at 4,739.21, and the Nasdaq Composite lost 0.59%, ending the session at 14,855.62.
Treasuries under pressure with curve bear flattening; 2Y back near 4.35%.
December retail sales came in stronger than expected with the control group +0.8% vs the +0.2% consensus.
ASX to fall. SPI Futures down 20 points (-0.27%).
- Gold stumbles to a more than one-month low, down 1.05%, following strong economic data, USD and yields.
- Copper prices fell to their lowest level in over four weeks, down 1.02% on worries about China’s economy after disappointing data.
- Dalian Iron Ore fell 1.56% after weak economic data from China weighed on market sentiment.
- 10Y Bond Yields – US 4.106%, Australia 4.288%, and Germany 2.288%.
- Oil prices ended near flat, as severe cold disrupted some US oil production, helping offset poor growth data from China. Brent Crude up 0.39%, and WTI up 0.22%.
Why not sign up for a free trial? Get access to expert insights and research and become a better investor.
Make life simple. Invest with Marcus Today.