Breakfast Briefing – Thu 19 May

US stocks fell sharply overnight with the Dow (-3.57%) and S&P (-4.04%) posting their worst single-session declines in approximately two years. Results from major US retailers and Fed speak on interest rates and inflation were the catalysts for the sell-off. SPI Futures are down 126 points (-1.76%). Catch up with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures down 126
• Dow Jones down 1165 points (3.6%)
• Nasdaq down 566 (4.7%)
• S&P 500 down 165 points (4.0%)
• VIX up 18.6% to 31.
• Base metals ease slightly. Gold off 0.2%
• Oil falls 2.5% Iron ore down 1.3%
• Jobs data here at 11.30am. 3.8% headline rate.

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