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Pre-Market Report – Friday 8 Mar:

Published 1 year, 10 months ago
Description

The S&P 500 advanced 1.03% to 5,157.36, while the Nasdaq Composite climbed 1.51% to 16,273.38. Both hit all-time highs during the session, while the S&P 500 also managed a closing record. The Dow Jones Industrial Average gained 130.30 points, or 0.34%, to close at 38,791.35.

ASX to rise. SPI Futures up 45 points (+0.58%).

  • Base metals are higher across the board, supported by a weaker USD. Nickel +1.67%, Aluminium +1.03%, Lead +2.03%, and Tin +1.90%.
  • Zinc up 1.64%, and Copper up 0.88%, hitting five-week highs.
  • Gold rose 0.59% to hit a new all-time high, extending its record run this week.
  • Oil prices edged lower as markets asses the latest economic data from China. WTI -0.34% and Brent Crude -0.13%.
  • Dalian Iron ore / Iron ore %
  • 10Y Bond YieldsUS 4.087%, Australia 4.008%, and Germany 2.298%.
  • Currencies - Aussie dollar up 0.82% to 66.17US cents, USD Index -0.53%, and Japanese Yen -0.89%.



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