Breakfast Briefing – Fri 15 Jul

US stocks rallied into the close from early lows as rate-hike concerns and weak results from Morgan Stanley and JPMorgan hurt the market. The Dow finished down 143 points (-0.46%). SPI Futures are pointing to a 52 point loss (-0.79%) with iron ore and base metals all moving lower. 

Get up to speed with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures down 52 points.
• Dow closes down only 143 points (0.46%) after a 600point plus fall early.
• Nasdaq up 4 points (0.03%)
• S&P 500 falls 11 points (0.3%)
• Base metals smashed. Nickel down 8.7% Copper off 2.5%
• Oil falls 0.5% Gold down 1.7%
• Iron ore falls 4.8%
• US Bank reports disappoint. Chinese GDP today.

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