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Pre-Market Report – Wednesday 27 Mar: Late falls in US | CPI in focus

Published 1 year, 9 months ago
Description

The S&P 500 fell for a third consecutive session on Tuesday.

The broader market index slid 0.28% to close at 5,203.58, while the Nasdaq lost 0.42%, finishing at 16,315.70. The Dow Jones Industrial Average inched down by 31.31 points, or 0.08%, to settle at 39,282.33.

ASX to fall. SPI Futures down 19 points (-0.24%).

  • Base metals lower across the board, Nickel -1.94%, Aluminium -0.17%, Zinc -2.03%, Lead -0.84%, and Tin -0.38%.
  • Copper prices touched its lowest level in two weeks before finishing down flat, -0.05%.
  • Gold gained 0.17% as rate cut expectations by the Fed firmed.
  • WTI -1.0% and Brent Crude -0.91%. Lithium fell 2.4% in Asian trade yesterday.
  • Iron ore futures prices are down amid mounting risk-off sentiment. Iron ore off 4.01% and Dalian Iron ore down 3.45%.
  • 10Y Bond YieldsUS 4.236%, Australia 4.044%, and Germany 2.347%.
  • Currencies - Aussie dollar -0.11% to 65.32c, USD Index -0.15%, Euro -0.01%, and Bitcoin -1.67%.
  • US durable goods orders rebounded by 1.4% in Feb-24, surpassing expectations of 1.1%, indicating potential resilience in the manufacturing sector.


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