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Pre-Market Report – Wednesday 12 June: SPI down 36 - Resources Fall - Waiting for Fed

Published 1 year, 7 months ago
Description

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.


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