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Marcus Today Pre-Market Report – Thursday 29 Feb: Bitcoin surges - Waiting for US Inflation Data

Published 1 year, 10 months ago
Description


The S&P 500 pulled back 0.17% to close at 5,069.76. The Nasdaq Composite fell 0.55% to 15,947.74. The Dow Jones Industrial Average shed 23.39 points, or 0.06%, to end at 38,949.02 and notch a third straight day of losses.

ASX to fall. SPI Futures down 11 points (-0.14%).

  • Base metals broadly lower, Copper -0.32%, Aluminium -0.30%, Zinc -0.47%, Lead -0.19%, and Tin +0.99%.
  • Nickel advanced 1.03% on tighter supply after government delays in Indonesia in issuing new mining quotas have prompted smelters to curb production.
  • Oil prices mixed, WTI fell 0.45%, and Brent Crude gained 0.24% as US crude inventories rose by 4.2m barrels last week, surpassing expectations.
  • 10Y Bond Yields – US 4.264%, Australia 4.148%, and Germany 2.455%.
  • Aussie dollar down 0.76% to 67.93US cents, USD Index +0.11%, and Japanese Yen +0.13%.
  • Gold ticked up 0.18% in a quiet trading session.
  • Bitcoin approaching all-time highs. Hits US$64,000 briefly.





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